Initial Public Offering: XTM eXchange Split Corp.-An Investment in TMX Group Inc.
07 Mai 2008 - 11:12PM
Marketwired
TORONTO, ONTARIO is pleased to announce the filing of a
preliminary prospectus for a proposed new offering. The offering is
an investment in common shares of TSX Group Inc. which is the
company resulting from the combination of TSX Group Inc. and
Montreal Exchange Inc. The Company will offer two investment
choices: Class A Shares (a capital share) and Priority Equity
Shares (a preferred share).
XTM Split's Class A Shares offer regular monthly cash dividends
targeted to be 5.00% per annum. The Class A Shares will also
provide holders with any capital appreciation or dividend growth
achieved in its shares of TSX Group Inc.
XTM Split's Priority Equity Shares offer fixed, cumulative
preferential monthly cash dividends at a yield of 5.25% per annum,
with the objective of repaying their original issue price ($10)
upon termination on December 1, 2015.
Prospective purchasers may acquire shares by either paying cash
for the Priority Equity Shares or Class Shares, or by exchanging
freely tradeable common shares of the TSX Group Inc (legal name
change to TMX Group Inc. expected June 2008 at shareholder meeting)
for a full or partial tax -deferred rollover for Canadian tax
purposes.
CIBC World Markets Inc. and RBC Dominion Securities Inc. are
co-lead agents for the proposed offering. The other members of the
syndicate are Scotia Capital Inc., BMO Nesbitt Burns Inc., National
Bank Financial Inc., TD Securities Inc., Desjardins Securities
Inc., Canaccord Capital Corporation, Dundee Securities Corporation,
HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont
Capital Inc., and Wellington West Capital Inc.
Please visit our website at www.XTMeXchange.com.
Contacts: XTM eXchange Split Corp. Investor Relations (416)
304-4443 or 1-877-478-2372 Email: info@xtmexchange.com Website:
www.XTMeXchange.com
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