Plan to Be Implemented on January 21, 2009
TORONTO, Jan. 16 /CNW/ - The Pan-Canadian Investors Committee for
Third-Party Structured Asset-Backed Commercial Paper is pleased to report that
all of the principal legal documentation needed to implement the restructuring
plan affecting $32 billion of third-party ABCP has been finalized and is being
signed today by all of the necessary parties.
Final reconciliations and verifications are now being conducted and the
Court-appointed Monitor is expected to file the certificate required to
implement the Plan and complete the closing on January 21,2009.
For further information:
For further information: MEDIA: NATIONAL Public Relations, Toronto,
David Weiner, Tel. (416) 848-1633, Cell: (416) 931-4633; Montreal, Roch
Landriault, Tel. (514) 843-2345, Cell: (514) 249-4537; INVESTORS: Ernst &
Young Inc., Pierre Laporte, Tel. (514) 874-4383