TORONTO, Nov. 21, 2013 /CNW/ - The Trustee confirms that all outstanding units will be redeemed by the Trust on December 31, 2013 in accordance with the provisions as detailed in the prospectus dated September 28, 2006. The redemption of units will constitute a taxable disposition of the Trust's units at the time of the redemption.
A further press release will be issued by the Trust in connection with the redemption price on December 11, 2013. Payment of the amounts due to holders of units will be made by the Trust on December 31, 2013.
Canadian Wireless Trust is an investment trust created to hold common shares that reflect an initially equal weighted exposure to the Canadian telecommunications companies that are expected to benefit most from growth in wireless telecommunications - BCE Inc., Rogers Communications Inc. and TELUS Corporation.
Units are listed for trading on the TSX under the symbol CDW.UN. The units will be de-listed from the TSX as at the close of trading on December 31, 2013.
SOURCE: Canadian Wireless Trust
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