Diversified Preferred Share Trust Announces Offering.TORONTO -- The Trustees of Diversified Preferred Share Trust (the "Trust")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DPS Minicomputer series from Bull HN. 1. (language, text) DPS - Display PostScript. 2. (language) DPS - A real-time language with direct expression of timing requests. ["Language Constructs for Distributed Real-Time PRogramming", I. .UN) announces 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 in each province and territory of Canada, qualifying units (the "Units") of the Trust (the "Offering") which prospective purchasers can acquire for cash (the "Cash Option") or in exchange for freely tradeable preferred shares or preferred securities of specified classes or series pursuant to the Exchange Option (the "Exchange Option"). The Offering is subject to receipt of all regulatory approvals. Offering Price The Offering price per unit will be determined prior to the filing of the final prospectus so as not to be dilutive to existing holders of Units, after taking into account the expenses of the offering and Agents' fees. Exchange Option Under the Exchange Option, the number of Units issuable in exchange for each class or series of Eligible Securities (the "Exchange Ratio") deposited by a prospective purchaser will be determined by dividing (i) the weighted average trading price of such security on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. during the three consecutive trading days ending on January 26, 2006, adjusted to reflect dividends or distributions declared by the issuer that will not be received by the Trust by (ii) the Offering price per Unit. Deposit Date The Exchange Option will be open for acceptance by holders of Eligible Securities listed in the prospectus until 5:00 pm (Toronto time) on January 23, 2006. Acceptance In order to utilize the Exchange Option, a prospective purchaser of Units is required to deposit the Eligible Securities with Computershare Investor Services Inc. through The Canadian Depository for Securities The Canadian Depository for Securities Ltd. (CDS Limited) is the holding company for three operating subsidiaries: CDS Clearing and Depository Services Inc. CDS INC. CDS Innovations Inc. CDS Clearing and Depository Services Inc. Limited ("CDS") prior to 5:00 pm (Toronto Time) on the Deposit Date. Such deposit must be made by way of book-entry deposit through a CDS participant. CDS participants may have earlier deadlines for receiving instructions from their clients to make deposits in connection with the Exchange Option. Diversified Preferred Share Trust Diversified Preferred Share Trust is designed to provide holders of Units with the opportunity to receive quarterly cash distributions by investing in an equally weighted diversified portfolio of preferred shares and preferred securities of Canadian issuers on a passive basis and to receive the benefits of a low management expense ratio. The Trust's Units are rated Pfd-2 (low) by Dominion Bond Rating Service Dominion Bond Rating Service is a credit rating agency based in Toronto, Ontario. Founded in 1976, it is one of the largest credit rating agencies in Canada. It is one of five Nationally Recognized Statistical Rating Organizations in the United States, though significantly smaller Limited and trade on the Toronto Stock Exchange under the symbol DPS.UN. Agents A syndicate of agents is being co-led by RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
 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., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Dundee Securities Corporation, Wellington West Capital Markets Inc., Blackmont Capital Inc., Desjardins Securities Inc., IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Securities Corporation, Jory Capital Inc., and Research Capital Corporation. A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory. The Exchange Tower 130 King Street West Suite 2850, P.O. Box 104 Toronto, Ontario M5X 1A4 Telephone: (416) 861-8729 Fax: (416) 364-5615 Diversified Preferred Share Trust (TSX:DPS.UN) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion