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Address: 2600 - 121 King St W
Toronto ON M5H 3T9
Phone: 416 681 3900
Fax: 416 681 39011
Website:
https://www.mulvihill.com
Warrant Symbol - CDD.WT
Number Trading - 2.94 million
Expiration Date - June 15, 2010
Cusip - 21867N 11 5
Exercise Price - $7.11
Warrants called to trade news:
Core Cdn Dividend to list 2.94
million warrants Nov. 17
2009-11-13 22:50 MT - Warrants
Called to Trade
TSX bulletin 2009-1499
Holders of units (symbol:
CDD.UN) of Core Canadian
Dividend Trust of record as of
the close of business on Nov.
19, 2009, will be issued
warrants, on the basis of one
transferable warrant for each
unit held. Each whole warrant
entitles the holder to purchase
one unit at a price of $7.11 on
or before 5 p.m. (Toronto time)
on June 15, 2010.
The units of the fund will
commence trading on an ex
distribution basis at the
opening on Nov. 17, 2009, at
which time 2,949,146 warrants
will be posted for trading on a
when-issued basis, under the
following trading information:
Symbol: CDD.WT
Cusip No.: 21867N 11 5
Trading currency: Canadian
Designated market maker: RBC
Capital Markets
Other markets: None
Additional information on the
warrant offering may be found in
the fund's short-form prospectus
dated Nov. 6, 2009, which is
available at SEDAR. Capitalized
terms used but not otherwise
defined are as defined in the
prospectus.
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Warrants may be exercised at any
time during the period
commencing at market open
(Toronto time) on Dec. 7, 2009,
and ending at the expiry date.
Warrants not exercised prior to
the expiry date will be void and
of no value.
The fund uses the book-entry
only system administered by CDS
Clearing and Depository Services
Inc. with respect to units and
warrants. The fund may also use
the non-certificated issue
system or another system
administered by CDS.
A warrantholder may subscribe
for the resulting whole number
of units or any lesser whole
number of units by instructing
the participant in CDS
participant holding the
subscriber's warrants to
exercise all or a specified
number of such warrants and
forwarding the subscription
price for each unit subscribed
for in accordance with the terms
of the offering and the warrant
indenture to the CDS participant
which holds the subscriber's
warrants.
The subscription price is
payable in Canadian funds by
certified cheque, bank draft or
money order drawn to the order
of a CDS participant, by direct
debit from the subscriber's
brokerage account or, by
electronic funds transfer or
other similar payment mechanism.
All payments must be forwarded
to the appropriate office of the
CDS participant. The entire
subscription price for units
subscribed for must be paid at
the time of subscription and
must be received by the warrant
agent prior to the expiry date.
If mail is used for delivery of
subscription funds, for the
protection of the subscriber
"certified mail return receipt
requested" should be used and
sufficient time should be
allowed to avoid the risk of
late delivery. A subscriber
subscribing through a CDS
participant must deliver its
payment and instructions
sufficiently in advance of the
expiry date to allow the CDS
participant to properly exercise
the warrants on such
subscriber's behalf.
Warrantholders are encouraged to
contact their broker or other
CDS participant as each CDS
participant may have an earlier
deadline for receipt of
instructions and payment.
Subscriptions for units made in
connection with the offering
through a CDS participant will
be irrevocable and subscribers
will be unable to withdraw their
subscriptions for units once
submitted. Warrantholders who
wish to exercise their warrants
and receive units are reminded
that because warrants must be
exercised through a CDS
participant, a significant
amount of time may elapse from
the date of exercise and the
date the units issuable upon the
exercise thereof are issued to
the subscriber.
Each warrantholder that
subscribes for all of the units
to which such holder is entitled
pursuant to the basic
subscription privilege may, at
any time during the exercise
period, subscribe for additional
units pursuant to the additional
subscription privilege, if
applicable, at a price equal to
the subscription price for each
additional unit. Warrantholders
must exercise all of their
warrants under the basic
subscription privilege to be
eligible for the additional
subscription privilege. To apply
for additional units under the
additional subscription
privilege, a beneficial holder
of warrants must forward their
request to a CDS participant
prior to the expiry date.
Payment for additional units, in
the same manner as for units,
must accompany the request when
it is delivered to the CDS
participant. Any excess funds
will be returned by mail or
credited to a subscriber's
account with its CDS participant
without interest or deduction.
Payment in full of the
subscription price must be
received by the warrant agent
prior to the expiry date,
failing which the subscribe's
entitlement to such units will
terminate. Accordingly, the
subscriber must deliver payment
and instructions sufficiently in
advance of the expiry date to
allow the CDS participant to
properly apply for additional
units under the additional
subscription privilege, as
applicable.
Each holder of warrants that
subscribes for units to which
such holder is entitled pursuant
to the basic subscription
privilege may, at any time
during the exercise period,
subscribe for additional units
pursuant to the additional
subscription privilege, if
applicable, at a price equal to
the subscription price for each
additional unit. Holders of
warrants will not be required to
fully exercise all of their
warrants under the basic
subscription privilege in order
to be eligible for the
additional subscription
privilege. To apply for
additional units under the
additional subscription
privilege, a beneficial holder
of warrants must forward their
request to a CDS participant.
Payment for additional units, in
the same manner as for units,
must accompany the request when
it is delivered to the CDS
participant. Any excess funds
will be returned by mail or
credited to a subscriber's
account with its CDS
participant, without interest or
deduction. Payment in full of
the subscription price must be
received by the warrant agent
prior to 5 p.m. (Toronto time)
on the expiry date, failing
which the subscriber's
entitlement to such units will
terminate. Accordingly, the
subscriber must deliver payment
and instructions sufficiently in
advance of the expiry date to
allow the CDS participant to
properly exercise warrants on
such subscriber's behalf and
apply for additional units under
the additional subscription
privilege, as applicable.
The units are not registered
under the 1933 Act. The offering
is made in Canada and not
outside of Canada. The offering
is not, and under no
circumstances is to be construed
as, an offering of any units for
sale in the United States or an
offering to or for the account
or benefit of any U.S. person or
a solicitation therein of any
offer of units. Accordingly,
neither a subscription for units
pursuant to the basic
subscription privilege nor an
application for additional units
pursuant to the additional
subscription privilege will be
accepted from any person, or his
agent, who appears to be, or who
the fund has reason to believe
is, a national or resident of
the United States. Each CDS
participant for a unitholder
resident outside of Canada will,
prior to the expiry date,
attempt to sell the warrants
allotable to such unitholder at
the price or prices it
determines in its discretion.
Any proceeds received by the CDS
participant with respect to the
sale of warrants, net of
brokerage fees and costs
incurred and, if applicable, of
Canadian tax required to be
withheld, will be delivered by
mailing cheques (in Canadian
funds and without payment of any
interest) as soon as practicable
to such unitholder whose
warrants were sold, at the
unitholder's last recorded
address. Amounts of less than $1
will not be forwarded.
The warrants will be governed by
the terms of a master warrant
indenture dated Nov. 6, 2009,
between the manager, on behalf
of the fund and Computershare
Trust Company of Canada, as
warrant agent. The warrant
indenture provides for
appropriate adjustments to the
warrants in the event of stock
dividends, subdivisions,
consolidations and other forms
of capital reorganization.
Within 30 days of the proper
exercise of a warrant, the fund
will pay a fee of 12 cents per
warrant to the dealer whose
client exercised the warrant.
The Toronto Stock Exchange has
been advised the fund has not
retained the services of any
securities dealer or broker to
solicit subscriptions for units
and will not pay any fee or
commission for soliciting such
subscriptions.
