/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES OF AMERICA/
TORONTO, Jan. 31, 2013 /CNW/ - NexC Partners Corp. (the "Company") is
pleased to announce that it has filed a final prospectus dated January
28, 2013 with the securities regulatory authorities of all of the
Canadian provinces and territories for an initial public offering (the
"Offering") of Class A non-voting shares and Class F non-voting shares
at a price of $10.00 per share.
The Company will be managed by Purpose Investments Inc. ("Purpose")
founded and controlled by Som Seif. The Company's investment objectives
are to provide holders of shares with: (i) long-term capital
appreciation through investment in a high quality portfolio of North
American dividend-paying equity securities and an investment in
Purpose; and (ii) quarterly cash distributions.
Purpose is a new Canadian investment management company established by
Som Seif, founder and former CEO of Claymore Investments, Inc. Purpose
will be focused on managing low fee, intelligent investment products
for Canadian institutional and retail investors and is committed to
enabling all investors to have access to great investment products at
reasonable fees. Through innovative product development and carefully
considered investment strategies, Purpose's investment products will be
managed with prudence, a long-term perspective and the goal of
providing returns that add value relative to broad market benchmark
The Offering is being made on a best efforts agency basis in each of the
provinces and territories of Canada through a syndicate of investment
dealers co-led by TD Securities Inc., CIBC and RBC Capital Markets and
including BMO Capital Markets, Canaccord Genuity Corp., GMP Securities
L.P., National Bank Financial Inc., Scotiabank, Macquarie Private
Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Dundee
Securities Ltd., Manulife Securities Incorporated and Rothenberg
Capital Management Inc.
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
SOURCE: NexC Partners Corp.
For further information:
President & CEO
Purpose Investments Inc.
Vice President, Marketing
Purpose Investments Inc.