TORONTO, Sept. 17, 2014 /CNW/ - Golden Credit Card Trust (the "Trust") announced today that it intends to enter into arrangements to issue new Credit Card Receivables-Backed Notes (the "Subordinated Notes"). The Subordinated Notes will provide additional credit enhancement for the outstanding Class A and Class B notes, previously issued by the Trust.
Certain statements in this press release may be deemed to be forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. The forward-looking statements in this press release are identified by the words "intend" and "will".
Forward-looking statements require certain assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that the Trust's expectations or conclusions will not prove to be accurate and that such assumptions may not be correct. Readers should not to place undue reliance on these statements as a number of risk factors could cause the Trust's decisions to differ materially from its intentions expressed in this press release. These factors - which are not exhaustive and many of which are beyond the Trust's control and the effects of which can be difficult to predict - include: general economic and financial market conditions in Canada; the impact of changes in laws and regulations; credit risk; market risk; and liquidity risk and other risks discussed in the Trust's Annual Information Form dated April 17, 2014 and in its Management's Discussion and Analysis dated June 30, 2014.
When relying on the Trust's forward-looking statements to make decisions with respect to the Trust, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, the Trust does not undertake to update any of its forward-looking statements.
SOURCE: Golden Credit Card Trust
For further information:
Christopher Taylor, Investor Relations, RBC, 416-955-7872
Sandra Nunes, Financial Communications, RBC, 416-974-1794