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C.A. Bancorp Canadian Realty Finance Corporation (the “Company”) - An application has been granted for the original listing in the Industrial category of up to 4,140,000 preferred shares, Series 1 (the “Preferred Shares”) of the Company, of which up to 3,600,000 Preferred Shares will be issued and outstanding, and up to 540,000 Preferred Shares will be reserved for issuance upon completion of an initial public offering (the “Offering”).
Listing of the Preferred Shares will become effective at 5:01 p.m. on Thursday, February 21, 2008 in anticipation of the Offering closing on Friday, February 22, 2008. The Preferred Shares, other than those which have not been distributed to the public, will be posted for trading at the opening on February 22, 2008.
Registration of interests in and transfers of the Preferred Shares will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. (‘‘CDS’’). Preferred Shares must be purchased, transferred and surrendered for retraction or redemption only through a CDS Participant. Beneficial owners of Preferred Shares will not have the right to receive physical certificates evidencing their ownership of such shares.
Additional information on the Preferred Shares can be found in the final prospectus dated January 31, 2008 (the “Prospectus”), which is available on www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
Stock Symbol: "RF.PR.A"
CUSIP: 12467Q 20 2
Trading Currency: CDN$
Temporary Market Maker: Independent Trading Group
Other Markets: None
Head Office Address: 130 King Street West
Suite 2810
Toronto, Ontario
M5X 1A4
Website: www.cabancorp.com
Email: info@cabancorp.com
Head Office Telephone Number: (416) 214-5985
Fax Number: (416) 861-8166
Investor Relations: Mark Gardhouse
Chief Executive Officer
Tel: (416) 214-5985
Email: mgardhouse@cabancorp.com
Manager: C.A. Bancorp Ltd.
Chief Financial Officer of the Company & Manager: Paolo De Luca
Corporate Secretary of the Manager: Ryan Caughey
Incorporation: The Company is a mutual fund corporation incorporated under the laws of the Province of Ontario on December 21, 2007.
Fiscal Year End: December 31
Nature of Business: The Company has been created to obtain exposure to the investment performance of an actively managed portfolio of secured loans and investments in the Canadian commercial real estate sector on a tax efficient basis. The Company’s investment objectives with respect to the Preferred Shares are to (i) provide Preferred Shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.4219 per Preferred Share, representing a yield on the issue price of the Preferred Shares of 6.75% per annum (except that the first distribution will only be $0.105); and (ii) return the original issue price of the Preferred Shares on March 31, 2018.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal offices in Toronto.
Distributions: Preferred Shareholders will be entitled to receive fixed cumulative quarterly preferential tax-efficient cash distributions, which will be paid to Preferred Shareholders of record on the last day of March, June, September and December in each year. The initial distribution of $0.105 per Preferred Share for the period from Closing to March 31, 2008 is anticipated to be paid on or about April 15, 2008 to Preferred Shareholders of record on March 31, 2008. Distributions on the Preferred Shares are expected to comprise primarily returns of capital or capital gains dividends.
Public Offering: Pursuant to the terms of the Prospectus up to 3,600,000 Preferred Shares are being offered to the public at a price of $25 per Preferred Share by TD Securities Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corporation, Wellington West Capital Inc., Desjardins Securities Inc., GMP Securities L.P., Research Capital Corporation and Richardson Partners Financial Limited, as agents.
