Canadian Income substantial issuer bid on 7% notes set for Thursday

By Susanna Moon

Chicago, Oct. 13 - Canadian Income Management Inc. said Oct. 14 is the redemption window for the upcoming debt substantial issuer bid on its 7% unsecured subordinated debentures due Aug. 31, 2012.

The company said on Sept. 8 that the Toronto Stock Exchange accepted its substantial issuer bid to purchase its outstanding 7% notes at a price of C$96.00 per C$100 face value plus accrued interest.

There are 174,042 debentures outstanding with a combined face value of $17,404,200.

The offer is being made through the facilities of the Toronto exchange and will be open for acceptance from 10 a.m. ET to noon ET on Oct. 14.

Sentry Select Capital Inc. (attn: client services, 888 730-4623) is the investment manager. CIBC World Markets Inc. (Greg English at greg.english@cibc.ca or 416-956-3994) is the dealer manager.

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