News Column

TD Sponsored Companies Inc. Announces ISS and Glass Lewis Recommendation That Shareholders of TD Split, 5Banc Split and Big 8 Split Vote FOR Transaction With Timbercreek Asset Management Ltd.

August 18, 2014



TORONTO, ONTARIO--(Marketwired - Aug. 18, 2014) - TD Sponsored Companies Inc. announced today that both Institutional Shareholder Services Inc. ("ISS") and Glass Lewis have recommended that shareholders of TD Split Inc. (TSX:TDS.B)(TSX:TDS.PR.B)(TSX:TDS.C)(TSX:TDS.PR.C), 5Banc Split Inc. (TSX:FBS.B)(TSX:FBS.PR.B)(TSX:FBS.PR.C), and Big 8 Split Inc. (TSX:BIG.PR.A-T)(TSX:BIG.A-T)(TSX:BIG.A)(TSX:BIG.PR.C)(TSX:BIG.PR.B) (collectively, the "Funds") vote FOR the proposed change in manager of the Funds to Timbercreek Asset Management Ltd. ("Timbercreek") at the special meeting of shareholders of the Funds to be held on Thursday, August 21, 2014 at 2:00 p.m. (Toronto time).

ISS and Glass Lewis are the two leading independent international corporate governance analysis and proxy voting firms. ISS and Glass Lewis recommendations are intended to assist shareholders in making proxy voting decisions.

In its report, ISS identified certain expected benefits of the transaction with Timbercreek, consisting of Timbercreek's experienced team and the fact that Timbercreek is active in closed-end funds and benefits from a wide network. Glass Lewis' report stated that it believes the Funds will benefit from the services and duties of the proposed administrator and manager.

TDSCI has also recommended that shareholders vote FOR the proposed change in manager of the Funds. Shareholders are encouraged to vote in sufficient time for their vote to be received before the meeting. The deadline for submission of proxies has been extended from 5:00pm on Tuesday, August 19, 2014 to 9:00 a.m. on Thursday, August 21, 2014.

TDSCI would like to remind shareholders that each and every vote is important. If you require assistance in voting, please contact TDSCI's proxy solicitation agent, Shorecrest Group, toll free at 1-888-637-5789 or directly at 647-931-7454 or email contact@shorecrestgroup.com.

The management information circular provided to shareholders of the Funds in connection with the meeting, along with form of proxy, are available under each Fund's profile on SEDAR at www.sedar.com.

FOR FURTHER INFORMATION PLEASE CONTACT: TDSCI Investor Relations (416) 982-2680 Source: Big 8 Split Inc.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Marketwire (Canada)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters