Canadian Income substantial issuer bid on 7% notes set for May 3

By Marisa Wong

Madison, Wis., March 22 - Canadian Income Management Inc. said May 3 is the redemption window for the upcoming debt substantial issuer bid on its 7% subordinated debentures due Aug. 31, 2012.

The company said on Tuesday that the Toronto Stock Exchange accepted its substantial issuer bid to purchase its outstanding 7% notes at par of C$100 plus accrued interest.

There are 173,032 debentures outstanding with a combined face value of $17,303,200.

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 May 3.

CIBC World Markets Inc. (Barbara Kovell at barbara.kovell@cibc.ca or 416 594-8557) is the dealer manager.

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