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MUTUAL TRUST SUCCESSFUL IN BID FOR FOCUS MORTGAGE CORP.

MUTUAL TRUST SUCCESSFUL IN BID FOR FOCUS MORTGAGE CORP.
 TORONTO, Oct. 2 /CNW/ - The Mutual Trust Company today announced that approximately 93 per cent of the outstanding shares of Focus National Mortgage Corporation had been deposited pursuant to Mutual Trust's offer to purchase all of the outstanding common shares of Focus for $16.00 each.
 Mutual Trust has taken up the shares and will arrange for cheques to be mailed forthwith to shareholders whose shares have been take up.
 Ian Sutherland, the Executive Vice-President and Chief Operating Officer of Mutual Trust, said that he was pleased with the overwhelmingly positive response to the Offer.
 The Mutual Trust Company is one of the Mutual Group of Companies. The Mutual Group has assets under administration in excess of $20 billion.
 For further information: Ian Sutherland, (416) 591-2711
 -0- 10/02/92


CO: THE MUTUAL TRUST COMPANY; FOCUS NATIONAL MANAGEMENT
 CORPORATION


IN: FIN SU: TNM ST: -- c0289 -- X119 10/02/92
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Publication:PR Newswire
Date:Oct 2, 1992
Words:158
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