Cadillac Fairview to Offer Common Shares.TORONTO--(BUSINESS WIRE)--Sept. 2, 1997--Cadillac Fairview Corporation announced today that it has filed a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders with the Canadian Securities Commissions with respect to a public treasury offering by the Corporation of Common Shares to raise approximately Canadian $300 million. The Corporation also has filed a registration statement in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. will be led by CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. and Goldman Sachs Canada. The marketing of the public offering is expected to commence later in the fall of 1997 after the financial results for the third quarter ended July 31, 1997 become available. Cadillac Fairview is one of the largest owners, managers and developers of commercial real estate in North America. It owns and operates dominant retail centres in key regional and metropolitan markets in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. and high quality office buildings in major Canadian cities. It holds interests in or manages 88 properties amounting to approximately 46 million square feet, including some of Canada's landmark properties such as the Toronto Eaton Centre The Toronto Eaton Centre is a large shopping mall and office complex in downtown Toronto, Ontario Canada, named after the now-defunct Eaton's department store chain. In terms of the number of visitors, the shopping mall is Toronto's top tourist attraction. and Toronto-Dominion Centre in Toronto and the Pacific Centre in Vancouver. The registration statement relating to the Common Shares has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The Common Shares may not be sold nor may offers to buy the Common Shares be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares in any State in which such offer, notification or sale would be unlawful prior to registration or qualification of the Common Shares under the securities laws of any such State. CONTACT: Cadillac Fairview Corporation Jon N. Hagan, 416/598-8739 Fax: 416/598-8254 |
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