More than 77% of holders support agreement in principle on third party asset-backed commercial paper



    MONTREAL, Aug. 23 /CNW Telbec/ - The institutional investors in third
party asset-backed commercial paper ("Third Party ABCP") who are Signatories
to the August 16th announcement about a proposed solution to the liquidity
problem in the structured finance ABCP market are pleased to report that Ernst
& Young Inc. has advised that holders of 77.19% of the outstanding Third Party
ABCP have signed agreements or acknowledgements indicating their support for
the August 16th announcement. Of the Third Party ABCP conduits listed in
Annex A hereto that are currently the subject of the interim arrangements, the
level of support is in excess of 66-2/3% for 18 conduits and between 50% and
66-2/3% for three conduits.
    Investors who seek further details and who wish to indicate their support
for the August 16th announcement can do so by accessing Ernst & Young's
dedicated web site at www.ey.com/ca/commercialpaper and completing a
noteholder acknowledgement in the form posted on the web site.

    
    Annex A

                          Third Party ABCP Conduits

    Apollo Trust
    Apsley Trust
    Aria Trust
    Aurora Trust
    Comet Trust
    Devonshire Trust
    Encore Trust
    Gemini Trust
    Ironstone Trust
    MMAI-I Trust
    Newshore Canadian Trust
    Opus Trust
    Planet Trust
    Rocket Trust
    Selkirk Funding Trust
    Silverstone Trust
    Skeena Capital Trust
    SLATE Trust
    Structured Asset Trust
    Structured Investment Trust III
    Symphony Trust
    Whitehall Trust
    




For further information:

For further information: NATIONAL Public Relations: Roch Landriault:
(514) 843-2345, Cell.: (514) 249-4537

Organization Profile

A GROUP OF FINANCIAL INSTITUTIONS

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890