| /NOT FOR DISTRIBUTION IN THE UNITED
STATES OR OVER UNITED STATES WIRE SERVICES./
TORONTO, Feb. 5 /CNW/ - Equitable Group Inc. announced
today that it has filed a preliminary prospectus with
Canadian regulatory authorities in connection with an
initial public offering and secondary offering of Common
Shares. The offering will be sold through a syndicate
of underwriters led by BMO Nesbitt Burns Inc.
Through its operating subsidiary, The Equitable Trust
Company ("Equitable Trust"), Equitable Group
Inc. provides residential first mortgage financing to
purchasers of properties located primarily in the GTA.
Equitable Trust focuses on multi-residential and single
family dwelling mortgage financing and provides mortgage
financing for commercial properties on a very selective
basis. In the single family dwelling segment, Equitable
Trust is an alternative lender to borrowers who are
unable to satisfy the strict underwriting criteria of
conventional mortgage lenders. This press release shall
not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to qualification
under the securities laws of any such jurisdiction.
THE MATERIAL SET FORTH HEREIN IS FOR INFORMATIONAL
PURPOSES ONLY AND IS NOT INTENDED, AND SHOULD NOT BE
CONSTRUED, AS AN OFFER OF SECURITIES FOR SALE INTO THE
UNITED STATES. THE SECURITIES OF THE COMPANY DESCRIBED
HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), OR THE LAWS OF ANY STATE, AND MAY NOT BE
OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT
TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND APPLICABLE STATE LAWS. THERE IS NO INTENTION
TO REGISTER ANY PORTION OF THE OFFERING IN THE UNITED
STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES
IN THE UNITED STATES.
For further information:
Geoffrey Bledin,
President and Chief Executive Officer
(416) 515-7000
Stephen Coffey
Senior Vice-President, Chief Financial Officer
(416) 515-7000
|
