Canadian Investment Grade Preferred Share Fund (P2L) Revises an Exchange Ratio for Exchange Option

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

TORONTO, Dec. 13, 2016 /CNW Telbec/ - Redwood Asset Management Inc. ("Redwood"), on behalf of Canadian Investment Grade Preferred Share Fund (P2L) (the "Fund"), revised the exchange ratio for the exchange offer by the Fund being made under the final prospectus of the Fund dated November 28, 2016 for the security below:

 

NAME

TICKER SYMBOL

CUSIP

ISIN

VWAP (C$)

REVISED EXCHANGE RATIO

Enbridge Inc

ENB U

29250N824

CA29250N8246

26.5364

1.061454

 

The revised exchange ratio includes an adjustment for converting the weighted average trading price of the security on the applicable exchange during the five consecutive trading days ending on December 12, 2016 from U.S. dollars to Canadian dollars based on the Bank of Canada noon rate of exchange on December 12, 2016.

The Fund is being offered on a best efforts agency basis through a syndicate of investment dealers led by National Bank Financial Inc. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Desjardins Securities Inc., Industrial Alliance Securities Inc., Manulife Securities Incorporated, Echelon Wealth Partners Inc., Mackie Research Capital Corporation and PI Financial Corp.

A final prospectus containing important information relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the final prospectus may be obtained from one of the agents noted above.  Investors should read the final prospectus before making an investment decision.

 

SOURCE Canadian Investment Grade Preferred Share Fund (P2L)

For further information: Dan Rubin, Vice President, Marketing, at 416-583-3853


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890