Ross Smith Capital Group L.P. acquires class A shares and preferred shares of
First Asset CanBanc Split Corp
CALGARY, Sept. 9 /CNW/ - Ross Smith Capital Group L.P. ("Ross Smith Capital") announced that it has acquired 2,000 class A shares and 5,600 preferred shares of First Asset CanBanc Split Corp. ("CanBanc"). As a result of the acquisition of such shares, Ross Smith Capital owns 78,200 class A shares and 68,500 preferred shares, representing approximately 11.75% of the issued and outstanding class A shares of CanBanc and approximately 10.29% of the issued and outstanding preferred shares of CanBanc.
Ross Smith Capital acquired the securities through the facilities of the Toronto Stock Exchange for investment purposes only at an average price of $13.25 per preferred share and $21.35 per class A share and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, class A shares, preferred shares or other securities of CanBanc through market transactions, private agreements or otherwise.
For further information: For further information: Weston Pring, Chief Investment Officer of Ross Smith Capital, at (403)-294-6893; Ross Smith Capital Group L.P., 400, 407 8th Avenue SW, Calgary, Alberta, T2P 1E5
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