Girls' Growth Fund guarantees return on investment, releases 10,000
shares at $100 per share
TORONTO, Oct. 22 /CNW/ - Canada's first ever charitable IPO (Immediate
Public Opportunity), the Girls' Growth Fund, opened the TSX today on its drive
to raise $1,000,000 by December 31, 2008. Issued by the Canadian Women's
Foundation, Canada's only national public foundation dedicated to improving
the lives of women and girls, the Girls' Growth Fund is offering shares to
investors at $100 each. Shares can be purchased at www.girlsgrowthfund.com.
The Girls' Growth Fund was created to raise $1,000,000 for girls'
initiatives across Canada. "Our research shows that the best social return on
investment is working with girls aged nine to 13," said Margot Franssen,
Co-chair of the Canadian Women's Foundation. "Capital raised from the Girls'
Growth Fund IPO will empower thousands of young girls across Canada as they
take part in programs that build self-esteem, leadership, and critical
thinking skills through science, technology, physical activity, community
action, media and financial literacy."
"The Girls' Growth Fund is poised to become a market leader," said
Dr. Sherry Cooper, Chief Economist, BMO Financial Group, and an early investor
in the Fund. "And despite an unpredictable market environment, this IPO is a
guaranteed investment with virtually unlimited returns."
"The Girls' Growth Fund is the best stock tip on the market today," said
noted philanthropist Doris Buffett, another early investor in the Fund, and
sister of billionaire Warren Buffett.
Lead investors in the Fund include, Dr. Sherry Cooper, Purdy Crawford,
Linda Hohol, Carolyn Richardson Hursh, the Honourable Margaret Norrie McCain
and Wallace McCain, Meg Nicholson Shaw and Jim Shaw, and Doris Buffett.
Corporate underwriters include BMO Financial Group, CIBC, Canadian Business
Magazine, Osler, Hoskin & Harcourt LLP, and Today's Parent Magazine. Corporate
supporters include CN, RBC Foundation and Scotiabank Group.
A limited number of shares in the Girls' Growth Fund were pre-purchased
by more than 100 luminary investors across North America including
Margaret Atwood, Gloria Steinem, Stephen Lewis, Jane Fonda, Heather Reisman,
Jan Wong and Pamela Wallin.
At the closing of the Offering, CWF will hold 100% ownership of the Fund
and proceeds will be used to support programs for girls, aged nine to 13,
across Canada. Full charitable tax receipts will be provided to all investors
as will a souvenir share certificate. The Fund is expected to close
December 31, 2008.
The Girls' Growth Fund IPO is a charitable initiative of the Canadian
Women's Foundation. Share purchasers will receive a charitable tax receipt
equivalent to the value of stock share purchase in lieu of any tangible assets
of the Canadian Women's Foundation. Shareholders will not actually own shares
or securities in the Canadian Women's Foundation, the Girls' Growth Fund or
any affiliated entity. Shares in the Girls' Growth Fund will never lose their
value and dividends are compounded and paid out in daily installments of
self-esteem and empowerment for girls across Canada.
About the Canadian Women's Foundation
The Canadian Women's Foundation (CWF) is Canada's only national public
foundation dedicated to improving the lives of women and girls. CWF
researches, shares and funds the most promising approaches to ending violence
against women, moving low-income women out of poverty, and building strong,
resilient girls. Learn more at www.canadianwomen.org.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
the CNW Photo Network and archived at http://photos.newswire.ca.
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website at http://photos.newswire.ca. Images are free to accredited
members of the media/
For further information:
For further information: To schedule an interview or for more
information, please contact: Sarah Ruddle, Director of Marketing and
Communications, Canadian Women's Foundation, Tel: (416) 365-1444 ext. 232,
firstname.lastname@example.org; Denise Dias, Noor Marzook, Edelman Public
Relations, Tel: (416) 979-1120 ext. 334, 239, email@example.com,