Diversified Canadian Financial Corp.

Diversified Canadian Financial Corp.

October 27, 2005 17:03 ET

Diversified Canadian Financial Corp.: New Release

TORONTO, ONTARIO--(CCNMatthews - Oct. 27, 2005) - Diversified Canadian Financial Corp. (TSX:DCF.PR.A) today announced that it intends to redeem its Class A Preferred Shares, Series 1 on December 1, 2005 for C$25.50 per share plus accrued dividends of C$0.2925, representing a total Redemption Price of C$25.7925 per share.

There are currently 5,000,000 Series 1 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.").

Notice of Redemption has been sent to CDS & Co. Payment of the Redemption Price will be made to all beneficial shareholders on or after December 1, 2005, through the facilities of CDS & Co.

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