World Financial Split Corp. Announces Normal Course Issuer Bid
July 13 2011 - 11:23AM
Marketwired
World Financial Split Corp. (TSX: WFS)(TSX: WFS.PR.A) (the "Fund")
is pleased to announce that today the Toronto Stock Exchange has
accepted its Notice of Intention to make a normal course issuer
bid. The Fund will have the right to purchase under the bid up to a
maximum of 358,230 Class A Shares and 358,230 Preferred Shares
(respectively representing approximately 10% of the Fund's public
float of 3,582,306 Class A Shares and 3,582,306 Preferred Shares,
both as of June 30, 2011), together in units (each consisting of
one Class A Share and one Preferred Share), commencing July 15,
2011. The Fund may not purchase more than 71,646 of its units
(representing approximately 2% of the Fund's 3,582,306 issued and
outstanding Class A Shares and approximately 2% of the Fund's
3,582,306 issued and outstanding Preferred Shares, both as of June
30, 2011) in any 30-day period under the bid. 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
July 14, 2012, the termination of the bid by the Fund or the Fund
purchasing the maximum number of units permitted under the bid.
Class A Shares and Preferred Shares purchased by the Fund pursuant
to the issuer bid will be cancelled. The Fund has not purchased any
Class A Shares or Preferred Shares during the previous year
pursuant to any issuer bid.
Directors of the Fund believe that units of the Fund may become
available during the proposed purchase period at prices that would
make such purchases in the best interests of the Fund.
For further information, please contact Investor Relations at
416.681.3966, toll free at 1.800.725.7172 or visit
www.mulvihill.com.
Contacts: Mulvihill Structured Products John Mulvihill President
and CEO 416.681.3966 or 1.800.725.7172 Mulvihill Structured
Products David Roode President, Fund Services 416.681.3966 or
1.800.725.7172 Mulvihill Structured Products Aaron Ho
Vice-President, Finance 416.681.3966 or 1.800.725.7172 Mulvihill
Structured Products 121 King Street West, Suite 2600 Toronto,
Ontario, M5H 3T9 416.681.3966 or 1.800.725.7172 info@mulvihill.com
www.mulvihill.com
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