ABCP Update - Restructuring implementation completed


 
TIDMCCI 
 
Canaccord Capital Inc. - ABCP Update - Restructuring implementation completed 
 
    VANCOUVER, Jan. 21 /CNW/ - Today, the Pan-Canadian Investors Committee 
(known as the "Crawford Committee") announced that the restructuring Plan 
affecting $32 billion of third-party ABCP has now been fully implemented. The 
Canadian Depository for Securities (CDS) has already distributed the Plan 
Notes and the first interest payment for most ABCP,and the first interest 
payment has been credited to all Canaccord client accounts. As a result, 
Canaccord can now proceed with the implementation of its Canaccord Relief 
Program (CRP). 
    The CRP provides eligible clients holding an aggregate of C$1 million or 
less of ABCP with par value for their investment, plus access to unpaid 
interest and reimbursement for any restructuring expenses. We expect CRP 
transactions to be posted to client accounts on, or before, January 26, 2009 
for settlement on January 30, 2009. The trades associated with the CRP, as 
well as the reimbursement for the actual restructuring expenses already 
incurred, are expected to be settled in client accounts by the late afternoon 
of January 30, 2009. 
    "Putting our clients first is Canaccord's most important core value," 
said Mark Maybank, Chief Operating Officer of Canaccord Capital Inc. "This 
restructuring has been a lengthy, difficult process for our clients and we are 
proud of the Canaccord Relief Program which, when implemented, will allow us 
to provide them with par value for their investment. We believe this is a 
strong example of our values in action." 
 
    ABOUT CANACCORD CAPITAL INC.: 
 
    Through its principal subsidiaries, Canaccord Capital Inc. (TSX & AIM: 
CCI) is a leading independent, full-service investment dealer in Canada with 
capital markets operations in the United Kingdom and the United States. 
Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a 
market operated by the London Stock Exchange. Canaccord has operations in two 
of the principal segments of the securities industry: capital markets and 
private client services. Together, these operations offer a wide range of 
complementary investment products, brokerage services and investment banking 
services to Canaccord's private, institutional and corporate clients. 
Canaccord has 30 offices worldwide, including 23 Private Client Services 
offices located across Canada. Canaccord Adams, the international capital 
markets division, has operations in Toronto, London, Boston, Vancouver, New 
York, Calgary, Montreal, San Francisco, Houston, and Barbados. 
 
 
For further information: North America Media: Scott Davidson, Managing 
Director, Global Head of Marketing & Communications, Phone: (416) 869-3875, 
email: scott_davidson(at)canaccord.com; For investor relations inquiries 
contact: Katherine Young, Vice President, Investor Relations, Phone: (416) 
869-7292, email: katherine_young(at)canaccord.com; London Media: Bobby Morse 
or Ben Willey, Buchanan Communications (London), Phone: +44 (0) 207 466 5000, 
email: bobbym(at)buchanan.uk.com; Nominated Adviser and Broker: Marc Milmo or 
Dugald J. Carlean, Fox-Pitt, Kelton Limited, Phone: +44 (0) 207 663 6000, 
email: marc.milmo(at)fpk.com 
(CCI. CCI) 
 
 
 
 
END

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