Brookfield Soundvest Split Trust Announces Proposal to Extend Term of Preferred Securities
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 02/19/15 -- Brookfield Soundvest Capital Management Ltd. (the "Manager"), the manager of Brookfield Soundvest Split Trust (TSX: BSD.UN)(TSX: BSD.PR.A) (the "Trust"), is pleased to announce that the board of directors of the Manager has approved proposed extraordinary resolutions (the "Extraordinary Resolutions"), one relating to the preferred securities (the "Preferred Securities") of the Trust and one relating to the trust units (the "Units") of the Trust, to be presented to the holders of the Preferred Securities (the "Preferred Securityholders") and the holders of the Units (the "Unitholders"), as the case may be, at a special meeting of the Preferred Securityholders and the Unitholders (the "Meeting").
The Extraordinary Resolution relating to the Preferred Securities will allow the Trust to implement the following:
The proposal offers Preferred Securityholders the following benefits:
The Extraordinary Resolution relating to the Units will allow the Trust to implement the following:
The proposal offers Unitholders the following benefits to the Unitholders:
The Trust has called and will hold the Meeting on March 27, 2015 to consider and vote upon the Extraordinary Resolutions. Preferred Securityholders and Unitholders of record at the close of business on February 20, 2015 will be provided with notice of the Meeting (the "Notice") and the management information circular in respect of the Meeting (the "Circular"), and will be entitled to vote on their applicable Extraordinary Resolution at the Meeting.
Even though the Meeting will not be held until March 27, 2015 and the outcome of the vote will not be known until then, (i) Preferred Securityholders who wish to exercise the Preferred Special Repayment Right must give notice to the Trust through their advisor no later than 5:00 p.m. (Eastern time) on March 13, 2015, and (ii) Unitholders who wish to exercise the Unit Special Retraction Right must give notice to the Trust through their advisor no later than 5:00 p.m. (Eastern time) on March 20, 2015.
Further details regarding the Extraordinary Resolutions are contained in the Circular, which will be mailed to Preferred Securityholders and Unitholders once available. The Circular will also be available on SEDAR at and posted on the Manager's website at .
The manager, investment advisor and portfolio manager for the Trust is Brookfield Soundvest Capital Management Ltd., an established investment advisor, providing investment management services to trusts, foundations, corporations and high net worth individuals.
Note: This news release contains forward-looking information within the meaning of Canadian provincial securities laws. The words "may", "will", "continue", "resume" and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify the above mentioned and other forward-looking statements. Although the Manager believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward looking statements or information in this news release. The future performance and prospects of the Trust are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of the Trust to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in Canada and elsewhere, changes in legislation including tax laws and regulations and other risks and factors described in the documents filed by the Manager with the securities regulators in Canada including under "Risk Factors" and other risks and factors described in the Trust's most recently filed Management Report of Fund Performance, annual information form and other continuous disclosure documents available at or . Except as required by law, the Manager undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
Contacts:
Brookfield Soundvest Split Trust
Investor Relations
855-423-7986
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Datum: 20.02.2015 - 00:43 Uhr
Sprache: Deutsch
News-ID 373009
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OTTAWA, ONTARIO
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Commercial & Investment Banking
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