MAV II Noteholders Approve Optional Early Redemption Process

Extraordinary Resolution amending structure receives support of more than 66²/3% of Noteholders

TORONTO, Aug. 30, 2012 /CNW/ - A meeting of Noteholders of Master Asset Vehicle II (MAV II) today approved an Extraordinary Resolution that allows for an optional early redemption process. Holders of over two-thirds of outstanding principal Class A-1 and A-2 Notes voted in favour of the Extraordinary Resolution, as reported at a special meeting of Noteholders today in Toronto. With over 81% of outstanding principal having now voted, and approximately 85% of those votes being cast in favour, the Extraordinary Resolution received strong support from Noteholders.

Pursuant to the passing of the Extraordinary Resolution, and as indicated in a news release on August 8, 2012, the four nominees provisionally identified to serve as initial members of the Committee - Ronald Ritter, Paola Farnesi, Scott Hyman and Rodney Dillman - have been officially appointed.

The Committee will now negotiate and implement definitive legal documents relating to the optional early redemption process (as outlined in the Information Statement relating to proposed amendments to the transaction documents of Master Asset Vehicle II, dated July 17, 2012). As described in the Information Statement, in order for amendments to the transaction documents to enter into effect, the consent of various Deal Parties must be obtained.

Further information for Noteholders

Moelis & Company
[email protected]

Further information for Media

Peter Block or Beverly Brooks
NATIONAL Public Relations
[phone]

SOURCE: Moelis & Company