Diversified Canadian Financial Corp.

Diversified Canadian Financial Corp.

November 17, 2005 14:04 ET

Diversified Canadian Financial Corp. Clarifies Payments to be Made to Class A, Series 1 Preferred Shareholders

TORONTO, ONTARIO--(CCNMatthews - Nov. 17, 2005) - Diversified Canadian Financial Corp. (TSX:DCF.PR.A) today clarified the payments to be made to holders of its Class A Preferred Shares, Series 1 (the "Preferred Shares") when these shares are redeemed on December 1, 2005 (the "Redemption Date"):

- All holders of the Preferred Shares will receive the $25.50 redemption price per share for each Preferred Share held on the Redemption Date.

- Holders of the Preferred Shares of record on November 20, 2005 will receive the accrued dividends for the period up to the Redemption Date declared on November 11, 2005 of $0.2925 per share for each Preferred Shares held on the Record Date.

There are currently 5,000,000 Preferred Shares outstanding, which are listed on the Toronto Stock Exchange under the symbol DCF.PR.A. All of these shares are held beneficially through the Canadian Depositary for Securities Limited ("CDS & Co.").

Payment of the redemption price and payment of the accrued dividends will be made to all beneficial shareholders on or after December 1, 2005, through the facilities of CDS & Co.

Bruce K. Robertson, President and Chief Executive Officer, will be available at (416) 363-9491 to answer any questions on this redemption.

This news release contains forward-looking statements concerning the company's business and operations. The company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the company's actual results could differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Information Form for a description of the major risk factors.

Contact Information

  • Diversified Canadian Financial Corp.
    Bruce K. Robertson
    President and Chief Executive Officer
    (416) 363-9491