Morgan Meighen & Associates Limited

December 08, 2006 11:17 ET

Morgan Meighen Announces Agreement to Purchase Historical Building, 10 Toronto Street

TORONTO, ONTARIO--(CCNMatthews - Dec. 8, 2006) - Morgan Meighen & Associates Limited announces that it has entered into an agreement of purchase and sale with a wholly-owned subsidiary of Hollinger Inc. in respect of the property located at 10 Toronto Street, Toronto, Ontario. The transaction is scheduled to close in May 2007.

The building at 10 Toronto Street, one of the City's longest surviving stone buildings with origins going back to the 1850s, is located in Downtown Toronto's financial core. It has a storied history, built for the Province of Upper Canada as the No. 7 Post Office, later to be tenanted by the Bank of Canada and, more latterly, Argus Corporation. Morgan Meighen intends to conduct restoration work on this well recognized Toronto landmark with a view to using it as its permanent offices.

One of Canada's oldest independent investment managers, Morgan Meighen & Associates Limited has been managing Canadian and international portfolios for over 50 years. With over $1.2 billion under management, it provides services to various clients including a family of closed-end funds: Third Canadian General Investment Trust Limited (founded in 1928); Canadian General Investments, Limited (1930) and Canadian World Fund Limited (1994). Morgan Meighen provides investment management services to private clients through its Private Wealth Management division.

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