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ROYAL TRUST CORRECTS BARRON'S STATEMENT ON ROYAL'S EXPOSURE TO O&Y

 ROYAL TRUST CORRECTS BARRON'S STATEMENT ON ROYAL'S EXPOSURE TO O&Y
 TORONTO, May 20 /PRNewswire/ -- Contrary to a statement in Barron's Weekly of May 18, 1992, Royal Trust's only financial exposure to Olympia & York is U.S.$25 million, part of a syndicated loan secured by non-real-estate assets. Barron's has indicated its intention to correct the misinformation in next week's issue.
 Royal Trust also acts as trustee for investors under a number of short and longer term debt programs of Olympia & York. The debt is the sole responsibility of Olympia & York. Royal Trust has no liability for Olympia & York's obligations in relation to these issues.
 -0- 5/20/92
 /CONTACT: Sheila Robb of Royal Trust, 416-981-6655/ CO: Royal Trust; Olympia & York Developments Ltd. ST: Ontario IN: FIN SU:


TQ -- NY081 -- 2402 05/20/92 14:52 EDT
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Publication:PR Newswire
Date:May 20, 1992
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