TORONTO, Nov. 22, 2013 /CNW/ - C.T.C. Dealer Holdings Limited ("Dealer
Holdings") has determined that it intends to review its investment in
common shares of Canadian Tire Corporation, Limited ("CTC") on an
ongoing basis. Such shares are currently being held for investment
purposes. Depending on various factors including, without limitation,
CTC's financial position, the price levels of the common shares,
conditions in the securities markets and general economic and industry
conditions, Dealer Holdings' business or financial condition and other
factors and conditions Dealer Holdings deems appropriate, but subject
to Dealer Holdings' shareholder agreement with Martha Billes, Dealer
Holdings may trade in common shares of CTC in the open market, by
private agreement or otherwise.
Dealer Holdings continues to maintain ownership and control of 700,384 common shares of CTC, representing approximately 20.45% of the
outstanding common shares of CTC (based upon the 3,423,366 common
shares stated to be issued and outstanding as of September 28, 2013 by
CTC in its management's discussion and analysis dated November 7, 2013
and filed on SEDAR on November 7, 2013).
An early warning report is being filed by Dealer Holdings in accordance
with applicable securities laws and will be available on the SEDAR
website at www.sedar.com.
SOURCE: C.T.C. Dealer Holdings Limited
For further information:
For more information, including to obtain a copy of the early warning report to which this press release relates, please contact:
C.T.C. Dealer Holdings Limited
c/o Partridge Iggulden LLP
S B201-110 Hannover Dr.
St Catharines, ON