Copernican Capital Corp.
TSX : ADC
TSX : ASC
TSX : FIT.UN
TSX : GBP.UN
TSX : CBK.UN
TSX : CIW.UN
TSX : CBW
TSX : CBW.PR.A
TSX : ASC.PR.A
TSX : CIR
TSX : CIR.PR.A
TSX : CPM.UN
TSX : CBB.UN
TSX : CBB.WT

Copernican Capital Corp.

September 25, 2007 17:46 ET

European Premium Dividend Fund Files Preliminary Prospectus

BURLINGTON, ONTARIO--(Marketwire - Sept. 25, 2007) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES

Copernican Capital Corp. (TSX:ADC)(TSX:ASC)(TSX:ASC.PR.A)(TSX:GBP.UN)(TSX:FIT.UN)(TSX:CBK.UN)(TSX:CIW.UN)(TSX:CBW.PR.A)(TSX:CBW)(TSX:CIR)(TSX:CIR.PR.A)(TSX:CPM.UN)(TSX:CBB.UN)(TSX:CBB.WT), the Manager of European Premium Dividend Fund (the "Fund") is pleased to announce that the Fund has filed and has received a receipt from the securities regulators of all the Canadian provinces and territories for the preliminary prospectus dated September 21, 2007 for the initial public offering of units ("Units") of the Fund at a price of $10.00 per Unit. Each Unit consists of one trust unit ("Trust Unit") and one-half of a warrant ("Warrant"). Each whole Warrant entitles the holder to purchase one Trust Unit at a subscription price of $10.00 on or before 5:00 p.m. (Toronto time) on November 15, 2010, as described in the prospectus.

The Fund is a closed-end investment trust whose investment objectives are:

(i) to provide holders of Trust Units with monthly cash distributions; and

(ii) to preserve and enhance the net asset value of the Fund.

AIC Investment Services Inc. (the "Investment Manager") will be responsible for the Fund's overall investment strategy, including managing the composition of the portfolio of the Fund. The Fund has been created to provide investors an opportunity to diversify away from North America via exposure to European dividend-paying issuers with strong credit ratings. The Investment Manager will invest in issuers that it believes have attractive dividend yields, strong earnings growth momentum and are in industries with high barriers to entry, supported by Europe's strengthening economic environment.

As at September 17, 2007, the Investment Manager's assets under management totalled approximately $8.0 billion of which approximately $4.3 billion was invested in the global financial services industry.

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

A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory.

Contact Information

  • Media Contacts:
    Copernican Capital Corp, Burlington ON
    Chris Lowe, Chief Executive Officer
    (905) 319-4922
    Email: clowe@copernican.com
    Website: www.copernicancapital.com
    or
    AIC Investment Services, Burlington ON
    Chris Lowe
    Senior Vice President and Portfolio Manager
    (905) 331-4242 ext. 4232 or 1-888-710-4242 ext. 4232
    Email: clowe@aic.com
    or
    AIC Limited, Burlington ON
    Terri Oswald
    Director, Media Relations
    (905) 331-4242 ext. 4345 or 1-888-710-4242 ext. 4345
    Email: toswald@aic.com