AIC Limited Company Announcement.TORONTO--(BUSINESS WIRE)--April 9, 1998--AIC Limited AIC Limited AIC Limited commenced operations in 1985. AIC was purchased in 1987 by Michael Lee-Chin, Chairman, and has assets under management of approximately $9 billion. As of October 2006, Jonathon Wellum has been the Chief Executive Officer. announced that it has accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. an aggregate of 11,896,600 common shares, representing approximately 14.9 percent of the number of outstanding common shares of Franco-Nevada Mining Corporation. The shares were purchased on behalf of the funds and accounts managed by AIC Limited. AIC Limited announced that it has accumulated an aggregate of 1,508,745 subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. , representing approximately 13.3 percent of the number of outstanding subordinate voting shares of Fairfax Financial Holdings Fairfax Financial Holdings Limited TSX: FFH.SV NYSE: FFH is a Toronto, Ontario based financial services holding company which, through its subsidiaries, is engaged in property, casualty and life insurance and reinsurance, investment management and insurance claims Limited. The shares were purchased on behalf of the funds and accounts managed by AIC Limited. These purchases were made over the Toronto and Montreal Stock Exchanges Montreal Stock Exchange See Bourse de Montreal, Inc. (Canadian Derivatives Exchange) in the ordinary course of business for investment purposes and not for the purpose of influencing the control or direction of Franco-Nevada Mining Corporation or Fairfax Financial Holdings Limited. Accounts and the funds managed by AIC Limited may from time to time acquire additional shares, dispose of all or some of the shares or may continue to hold these shares. AIC Limited manages approximately $10 billion of Canadians' investments. CONTACT: AIC Limited Andrew Knezy, 800/263-2144, ext. 4438 |
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