North American Financials Capital Securities Trust Announces Exercise of
Over-Allotment Option
The Fund's investment objectives are to (i) provide Unitholders with attractive tax-advantaged quarterly cash distributions, and (ii) return to Unitholders the original issue price of the Units upon termination of the Fund on
The Fund will seek to achieve its investment objectives through exposure to an actively managed portfolio consisting primarily of Investment Grade Capital Securities of the six largest Canadian banks, large Canadian insurance companies and U.S. financial institutions with a minimum issuer rating of "A" by S&P.
Connor, Clark & Lunn Investment Management Ltd. acts as Portfolio Manager to the Fund. The Portfolio Manager, part of the Connor, Clark & Lunn Financial Group, was established in
The Units were offered for sale by a syndicate of agents led by BMO Capital Markets and Scotia Capital Inc., and includes CIBC World Markets Inc., RBC Capital Markets, National Bank Financial Inc., TD Securities Inc., HSBC Securities (
For further information: please visit www.cclcapitalmarkets.com or contact: Darren Cabral, Vice President, Connor, Clark & Lunn Capital Markets Inc., (416) 214-6182 or 1-888-276-2258, [email protected]
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