/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TORONTO, Nov. 11, 2011 /CNW/ - All trading in securities of First
Leaside Properties Fund (the "Fund") and FL Master Sherman, Ltd. ("Master Sherman") has been halted. Each of the Fund and Master Sherman are associated
with the First Leaside Group of Companies ("First Leaside") which has, at the request of staff at the Ontario Securities
Commission ("Commission Staff"), voluntarily stopped trading units in all First Leaside limited
partnerships and funds while First Leaside reconfigures its affairs.
The cease trade will continue until terminated by Commission Staff or
First Leaside on five days' notice to the other. Commission Staff and
staff at the Investment Industry Regulatory Organization of Canada are
at liberty at any time to take any action within their authority at any
stage. Any such proceeding by Commission Staff will be on five days'
notice to First Leaside. First Leaside is working to have the cease
In conjunction with discussions with Commission Staff, Grant Thornton, a
major Canadian accounting firm, has been engaged to act as monitor to
First Leaside, which includes the Fund and Master Sherman.
SOURCE First Leaside Properties Fund
For further information:
First Leaside Management Inc.
David C. Phillips