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