TORONTO, ONTARIO--(Marketwired - June 30, 2015) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Harvest Portfolios Group Inc. (the "Manager"), on behalf of Stephenson Strategies Fund (the "Fund") is pleased to announce the exchange ratios for the exchange offer by the Fund (the "Exchange Option") being made under the preliminary prospectus of the Fund dated May 27, 2015.
The Fund's investment objectives are to provide Unitholders with: (i) long term capital appreciation; and (ii) superior risk adjusted returns. The Portfolio will consist primarily of listed equity securities that the Investment Manager believes will generate positive risk adjusted returns. The Investment Manager will employ a disciplined but opportunistic approach to active investment management, which means that it will concentrate on the best investment opportunities identified with a focus on risk management. The Fund will seek to provide exposure to global securities with potential for growth. The Investment Manager may also utilize options to assist in the management of risk or to generate additional returns for the Fund.
Stephenson & Company Capital Management Inc. is the investment manager and will provide investment management services to the Fund. Harvest Portfolios Group Inc. will act as the trustee, manager and promoter of the Fund and will provide all administrative services required by the Fund.
The Exchange Ratio was determined by dividing the volume weighted average trading price of such securities on the TSX or other applicable exchange during the Pricing Period, as adjusted to reflect distributions declared by the applicable Exchange Issuer that will not be received by the Fund, by $10.00. Holders of securities of Exchange Eligible Issuers who deposited such securities pursuant to the Exchange Option will continue to be holders of record up to but not including the date of the closing of the offering of Units and will be entitled to receive distributions in respect of such securities of Exchange Eligible Issuers that are declared up to but not including such date. The Exchange Ratios were rounded down to four decimal places. Fractional Units will not be issued by the Fund. Allocation of cash in respect of fractional Units to purchasers who have authorized the deposit of Exchange Eligible Securities through CDS will be at the discretion of the CDS Participant.
The table below sets out the name of the Exchange Eligible Security, TSX ticker symbol, CUSIP number, ISIN, the volume weighted average trading price during the Pricing Period and the Exchange Ratio adjusted for dividends.
Exchange Eligible Securities | Ticker Symbol |
CUSIP Number |
ISIN | Volume Weighted Average Trading Price (in CAD $) |
Exchange Ratios |
Company | |||||
Agnico Eagle Mines Limited | AEM | 008474108 | CA0084741085 | 37.0385 | 3.7039 |
Agrium Inc. | AGU | 008916108 | CA0089161081 | 128.3458 | 12.7265 |
Alimentation Couche-Tard Inc. | ATD/B | 01626P403 | CA01626P4033 | 53.8806 | 5.3881 |
ARC Resources Ltd. | ARX | 00208D408 | CA00208D4084 | 22.0930 | 2.1993 |
Bank of Montreal | BMO | 063671101 | CA0636711016 | 75.3127 | 7.5313 |
The Bank of Nova Scotia | BNS | 064149107 | CA0641491075 | 66.2145 | 6.5535 |
Barrick Gold Corporation | ABX | 067901108 | CA0679011084 | 13.7278 | 1.3728 |
BCE Inc. | BCE | 05534B760 | CA05534B7604 | 54.0583 | 5.4058 |
Blackberry Limited | BB | 09228F103 | CA09228F1036 | 10.8605 | 1.0861 |
Bombardier Inc. | BBD/B | 097751200 | CA0977512007 | 2.4650 | 0.2465 |
Brookfield Asset Management Inc. | BAM/A | 112585104 | CA1125851040 | 44.8369 | 4.4837 |
Cameco Corporation | CCO | 13321L108 | CA13321L1085 | 18.5043 | 1.8404 |
Canadian Imperial Bank of Commerce | CM | 136069101 | CA1360691010 | 95.2115 | 9.4122 |
Canadian National Railway Company | CNR | 136375102 | CA1363751027 | 74.5621 | 7.4562 |
Canadian Natural Resources Limited | CNQ | 136385101 | CA1363851017 | 35.6776 | 3.5678 |
Canadian Oil Sands Limited | COS | 13643E105 | CA13643E1051 | 10.0786 | 1.0079 |
Canadian Pacific Railway Limited | CP | 13645T100 | CA13645T1003 | 203.9375 | 20.3588 |
Canadian Tire Corporation, Limited | CTC/A | 136681202 | CA1366812024 | 135.9078 | 13.5908 |
Catamaran Corporation | CCT | 148887102 | CA1488871023 | 75.3799 | 7.5380 |
Cenovus Energy Inc. | CVE | 15135U109 | CA15135U1093 | 21.0828 | 2.1083 |
CGI Group Inc. | GIB/A | 39945C109 | CA39945C1095 | 50.7613 | 5.0761 |
Crescent Point Energy Corp. | CPG | 22576C101 | CA22576C1014 | 27.1758 | 2.6946 |
Eldorado Gold Corporation | ELD | 284902103 | CA2849021035 | 5.0997 | 0.5100 |
Enbridge Inc. | ENB | 29250N105 | CA29250N1050 | 60.0779 | 6.0078 |
Encana Corporation | ECA | 292505104 | CA2925051047 | 14.6183 | 1.4618 |
First Quantum Minerals Ltd. | FM | 335934105 | CA3359341052 | 17.7040 | 1.7704 |
Fortis Inc. | FTS | 349553107 | CA3495531079 | 36.7907 | 3.6791 |
Franco-Nevada Corporation | FNV | 351858105 | CA3518581051 | 60.1585 | 6.0159 |
George Weston Limited | WN | 961148509 | CA9611485090 | 102.2842 | 10.2284 |
Gildan Activewear Inc. | GIL | 375916103 | CA3759161035 | 41.5016 | 4.1502 |
Goldcorp Inc. | G | 380956409 | CA3809564097 | 20.6354 | 2.0635 |
Husky Energy Inc. | HSE | 448055103 | CA4480551031 | 24.3582 | 2.4358 |
Imperial Oil Limited | IMO | 453038408 | CA4530384086 | 49.2602 | 4.9260 |
Inter Pipeline Ltd. | IPL | 45833V109 | CA45833V1094 | 30.2824 | 3.0282 |
Kinross Gold Corporation | K | 496902404 | CA4969024047 | 2.8377 | 0.2838 |
Loblaw Companies Limited | L | 539481101 | CA5394811015 | 65.0370 | 6.5037 |
Magna International Inc. | MG | 559222401 | CA5592224011 | 71.5027 | 7.1503 |
Manulife Financial Corporation | MFC | 56501R106 | CA56501R1064 | 24.0149 | 2.4015 |
Metro Inc. | MRU | 59162N109 | CA59162N1096 | 33.9040 | 3.3904 |
National Bank of Canada | NA | 633067103 | CA6330671034 | 48.0203 | 4.8020 |
Pembina Pipeline Corporation | PPL | 706327103 | CA7063271034 | 41.6727 | 4.1673 |
Potash Corporation of Saskatchewan Inc. | POT | 73755L107 | CA73755L1076 | 38.1962 | 3.7727 |
Power Corporation of Canada | POW | 739239101 | CA7392391016 | 32.9156 | 3.2916 |
Restaurant Brands International Inc. | QSR | 76131D103 | CA76131D1033 | 47.2091 | 4.7209 |
Rogers Communications Inc. | RCI/B | 775109200 | CA7751092007 | 43.2008 | 4.3201 |
Royal Bank of Canada | RY | 780087102 | CA7800871021 | 78.0899 | 7.8090 |
Saputo Inc. | SAP | 802912105 | CA8029121057 | 31.5439 | 3.1414 |
Shaw Communications Inc. | SJR/B | 82028K200 | CA82028K2002 | 27.6090 | 2.7510 |
Silver Wheaton Corp. | SLW | 828336107 | CA8283361076 | 22.2812 | 2.2281 |
SNC-Lavalin Group Inc. | SNC | 78460T105 | CA78460T1057 | 44.2373 | 4.4237 |
Sun Life Financial Inc. | SLF | 866796105 | CA8667961053 | 42.7360 | 4.2736 |
Suncor Energy Inc. | SU | 867224107 | CA8672241079 | 35.0675 | 3.5068 |
Teck Resources Limited | TCK/B | 878742204 | CA8787422044 | 13.6744 | 1.3674 |
TELUS Corporation | T | 87971M103 | CA87971M1032 | 42.7730 | 4.2773 |
Thomson Reuters Corporation | TRI | 884903105 | CA8849031056 | 48.1933 | 4.8193 |
The Toronto-Dominion Bank | TD | 891160509 | CA8911605092 | 54.2370 | 5.3727 |
TransAlta Corporation | TA | 89346D107 | CA89346D1078 | 10.1715 | 1.0172 |
TransCanada Corporation | TRP | 89353D107 | CA89353D1078 | 53.7461 | 5.3226 |
Valeant Pharmaceuticals International, Inc. | VRX | 91911K102 | CA91911K1021 | 284.4194 | 28.4419 |
Funds | |||||
iShares Core S&P 500 Index ETF (CAD- Hedged) | XSP | 46428J105 | CA46428J1057 | 24.3406 | 2.4341 |
iShares Core S&P/TSX Capped Composite Index ETF | XIC | 46430J101 | CA46430J1012 | 23.5698 | 2.3570 |
iShares S&P/TSX 60 Index ETF | XIU | 46428D108 | CA46428D1087 | 21.8087 | 2.1809 |
Vanguard S&P 500 Index ETF | VFV | 92205Y105 | CA92205Y1051 | 46.3421 | 4.6342 |
The syndicate of agents for the Offering is being co-led by BMO Capital Markets, CIBC and Scotiabank, and includes National Bank Financial Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Industrial Alliance Securities Inc., PI Financial Corp., Desjardins Securities Inc., Dundee Securities Ltd., Global Securities Corporation and Manulife Securities Incorporated (collectively, the "Agents").
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund, the Manager and/or the Investment Manager. The forward-looking statements are not historical facts but reflect the Fund's, the Manager's, and/or the Investment Manager`s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, the Manager, and/or the Investment Manager believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, the Manager and/or the Investment Manager undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
A preliminary prospectus dated May 27, 2015 (the "Prospectus") containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The Prospectus is still subject to completion or amendment. Copies of the Prospectus may be obtained from any of the Agents. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
All capitalized terms noted herein but not defined are as defined in the Prospectus.
For further information: please contact Paul MacDonald at Harvest Portfolios Group Inc. at pmacdonald@harvestportfolios.com or at 1-866-998-8298; visit Harvest Portfolios Group Inc. online at www.harvestportfolios.com; or for additional information or a copy of the Prospectus, please contact your registered financial advisor.
Contact Information:
Paul MacDonald
1-866-998-8298
pmacdonald@harvestportfolios.com
www.harvestportfolios.com