Copernican Capital Corp.
TSX : ADC
TSX : ASC
TSX : FIT.UN
TSX : GBP.UN
TSX : CBK.UN
TSX : CIW.UN

Copernican Capital Corp.

November 15, 2006 13:44 ET

CORRECTION FROM SOURCE: Copernican World Banks Split Inc. Files Final Prospectus for an Offering of Up to $125 Million

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2006) - Copernican Capital Corp. (TSX:ADC)(TSX:ASC)(TSX:GBP.UN)(TSX:FIT.UN)(TSX:CBK.UN)(TSX:CIW.UN) -

This press release is not for distribution in the United States.

In the press release sent on Nov 15, 2006 @ 1123ET the ticker symbols were inadvertently not included. The correct and complete release follows.

Copernican Capital Corp. (TSX:ADC)(TSX:ASC)(TSX:GBP.UN)(TSX:FIT.UN)(TSX:CBK.UN)(TSX:CIW.UN), the Manager of Copernican World Banks Split Inc. (the "Company") is pleased to announce that the Company has filed and has received a receipt from the securities regulators of all the Canadian provinces and territories for a final prospectus dated November 10, 2006 for the initial public offering of up to 6,250,000 preferred shares ("Preferred Shares") and up to 6,250,000 class A shares ("Class A Shares") of the Company at a price of $10.00 per Preferred Share and $10.00 per Class A Share. The Preferred Shares have been provisionally rated Pfd-2 (low) by Dominion Bond Rating Service Limited. It is anticipated that the offering will close on or about November 30, 2006. The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Preferred Shares and Class A Shares, subject to fulfillment of the requirements of the TSX on or before January 17, 2007. The Preferred Shares will be listed for trading under the symbol CBW.PR.A and the Class A Shares will be listed for trading under the symbol CBW.

The Company is a mutual fund corporation whose investment objectives with respect to the Preferred Shares are:

(i) to provide holders of Preferred Shares with fixed cumulative preferential quarterly cash distributions in the amount of $0.13125 per Preferred Share representing a yield on the issue price of the Preferred Shares of 5.25% per annum; and

(ii) to return the original issue price of the Preferred Shares at the time of redemption of such Shares on December 2, 2013; and with respect to the Class A Shares are:

(i) to provide holders of Class A Shares with regular quarterly cash distributions targeted to be $0.20 per Class A Share representing a yield on the issue price of the Class A Shares of 8.0% per annum; and

(ii) to provide holders of the Class A Shares with the opportunity for leveraged growth in net asset value per Class A Share after the repayment of the original issue price of the Preferred Shares.

AIC Investment Services Inc. (the "Investment Manager") will be responsible for the Company's overall investment strategy. The Company will invest in an actively managed diversified portfolio of securities consisting of equity securities of some of the world's leading global bank-based financial services companies.

As at October 31, 2006, the Investment Manager's assets under management totalled approximately $8.5 billion of which approximately $4.2 billion was invested in the global financial services industry.

A syndicate of agents is being led by CIBC World Markets Inc. and includes RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Berkshire Securities Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Bieber Securities Inc., Blackmont Capital Inc., Burgeonvest Securities Limited and Wellington West Capital Inc.

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