Top 10 Canadian Financial Trust
TSX : TCT.UN

Top 10 Canadian Financial Trust

May 07, 2007 09:00 ET

Top 10 Canadian Financial Trust Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - May 7, 2007) - Top 10 Canadian Financial Trust (TSX:TCT.UN)(the "Trust") announced today that the Toronto Stock Exchange has accepted the Trust's Notice of Intention to make a normal course issuer bid. The Trust will have the right to purchase under the bid up to a maximum of 903,449 units (representing approximately 10% of the Trust's public float) commencing May 9, 2007. There are currently 9,064,490 units of the Trust issued and outstanding. Purchases made pursuant to the normal course issuer bid will be made in the open market through the facilities of the Toronto Stock Exchange. The normal course issuer bid will remain in effect until the earlier of May 8, 2008, the termination of the bid by the Trust or the Trust purchasing the maximum number of units permitted under the bid. Units purchased by the Trust pursuant to the issuer bid will be cancelled. The Trust has not purchased any units during the previous year pursuant to any issuer bid.

Management and directors of the manager of the Trust, Mulvihill Fund Services Inc., believe that units of the Trust may become available during the proposed purchase period at prices that would make such purchases in the best interests of the Trust.

A member of the Mulvihill Capital Management Inc. Group of Funds

Contact Information

  • Mulvihill Structured Products
    John Mulvihill
    President & CEO
    (416) 681-3966 or Toll Free: 1-800-725-7172
    or
    Mulvihill Structured Products
    Don Biggs
    Senior Vice President
    (416) 681-3966 or Toll Free: 1-800-725-7172
    Email: hybrid@mulvihill.com
    Website: www.mulvihill.com