|By Marketwired .||
|June 25, 2014 06:28 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/25/14 -- A correction from source has been issued for the release disseminated on June 24, 2014 at 8:47 AM E.T. The press release has been corrected to reflect the fact that Timbercreek Asset Management Ltd. does not trade under any ticker symbol on the Toronto Stock Exchange. The corrected release follows.
TD Sponsored Companies Inc. ("TDSCI") announced today that it has entered into an agreement with Timbercreek Asset Management Ltd. ("Timbercreek") pursuant to which Timbercreek will acquire the rights to administer and manage TD Split Inc. (TSX: TDS.C)(TSX: TDS.PR.C), 5Banc Split Inc. (TSX: FBS.B)(TSX: FBS.PR.C) and Big 8 Split Inc. (TSX: BIG.D)(TSX: BIG.PR.D) (collectively, the "Split Funds").
"We believe that Timbercreek has the investment management expertise and experience in the closed-end fund sector to effectively transition the administration of the Split Funds and Timbercreek's broad management platform may also allow for the growth of the funds going forward" said Cameron Goodnough, President of TDSCI.
"Timbercreek, with over 500 employees supporting their businesses and management of almost $4 billion in assets with over 18 offices globally, is excited about the opportunity to expand its presence in the retail closed-end fund space and is committed to providing the same high quality of administrative services to the Split Funds as it does for its existing funds" noted Blair Tamblyn, President & CEO of Timbercreek.
The closing of the transaction is subject to customary closing conditions including obtaining requisite shareholder, stock exchange and regulatory approvals. It is anticipated that an information circular will be prepared for mid July 2014, with the shareholder vote expected to occur in August 2014. Subject to obtaining the appropriate approvals, the transaction is expected to close at the end of August 2014.
Further details of the transaction will be set forth in an information circular that will be mailed to Split Fund shareholders.
TDSCI Investor Relations
Sep. 29, 2016 07:15 AM EDT Reads: 1,726
Sep. 29, 2016 07:00 AM EDT Reads: 2,933
Sep. 29, 2016 07:00 AM EDT Reads: 3,483
Sep. 29, 2016 07:00 AM EDT Reads: 3,409
Sep. 29, 2016 07:00 AM EDT Reads: 2,271
Sep. 29, 2016 06:45 AM EDT Reads: 1,671
Sep. 29, 2016 06:45 AM EDT Reads: 3,179
Sep. 29, 2016 06:15 AM EDT Reads: 1,471
Sep. 29, 2016 06:00 AM EDT Reads: 2,760
Sep. 29, 2016 06:00 AM EDT Reads: 2,679
Sep. 29, 2016 06:00 AM EDT Reads: 524
Sep. 29, 2016 05:45 AM EDT Reads: 1,051
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Sep. 29, 2016 05:45 AM EDT Reads: 1,502
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Sep. 29, 2016 05:30 AM EDT Reads: 2,961
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
Sep. 29, 2016 05:30 AM EDT Reads: 1,148