Bayshore Asset Management Inc. Files Final Prospectus for Bayshore Floating Rate Senior Loan Fund.TORONTO -- First paragraph, first sentence of release dated April 5, 2005 issued at 8:30 am ET, should read: 17,500,000 Units (sted 17,500,000 million Units). The corrected release reads: BAYSHORE ASSET MANAGEMENT INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . FILES FINAL PROSPECTUS FOR BAYSHORE FLOATING RATE SENIOR LOAN FUND Bayshore Asset Management Inc. announced today that a receipt has been issued for the final prospectus qualifying the issuance of up to 17,500,000 Units of the Bayshore Floating Rate Senior Loan Fund (the Fund) at $10.00 per Unit. The objectives of the Fund are to invest the proceeds of the offering to provide exposure to a portfolio comprised principally of floating rate senior secured loans that will provide Unitholders with regular monthly distributions that fluctuate with changes in short-term interest rates Short-term interest rates Interest rates on loan contracts-or debt instruments such as Treasury bills, bank certificates of deposit or commerical paper-having maturities of less than one year. Often called money market rates. , and to preserve and enhance the net asset value of the Fund in order to return the original subscription price of $10.00 per Unit to Unitholders on or about March 31, 2015. The initial targeted yield on the Units is 7.00% per annum, which will be distributed to Unitholders of record monthly commencing May 31, 2005. Bayshore Asset Management Inc. has been appointed as Manager of the Fund. Bayshore Income Funds, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control will act as Investment Advisor and Centre Pacific, LLC will act as Sub-Advisor. "This product is a great hedge against rising interest rates and provides a particularly attractive alternative to long duration fixed income investments," said David Golub, Chief Executive Officer of Bayshore Income Funds, LLC. The Agents for the Offering are BMO Nesbitt Burns  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc., CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Inc., RBC Dominion Securities
HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Securities (Canada) Inc., Richardson Partners Financial Ltd., Canaccord Capital Corporation, Dundee Securities Corporation, First Associates Investments Inc. and Raymond James Ltd. Units of the Fund are eligible for investment in RRSPs, DPSPs, RRIFs and RESPs. An application has been made to list the Units for trading on the TSX under the symbol BIF BIF In currencies, this is the abbreviation for the Burundi Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . Bayshore Asset Management Inc. and Bayshore Income Funds LLC are part of the Bayshore Group of companies. Bayshore has been serving Canadian investors for over 25 years through its ownership interests in Bayshore Trust Company, Bayshore Leasing Corporation, iMoney Inc., and Priority Brokerage Inc., among others. |
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