Business News • MarketWire • C.A. Bancorp Canadian Realty Finance Corporation Forms Special Committee |
C.A. Bancorp Canadian Realty Finance Corporation Forms Special Committee |
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C.A. Bancorp Canadian Realty Finance Corporation Forms Special Committee
TORONTO, ONTARIO--(Marketwire - March 16, 2011) - C.A. Bancorp Canadian Realty Finance Corporation ("CRFC" or the "Corporation") (TSX:RF.PR.A)(TSX:RF.A)(TSX:RF.WT) announces that it has formed a special committee comprised of its independent director (the "Special Committee") after being advised by the Corporation's manager, C.A. Bancorp Ltd. (the "Manager") that the Manager's parent company, C.A. Bancorp Inc. ("CAB") has entered into an agreement to, among other things, sell all of the issued and outstanding shares of the Manager and all of the Class A Shares of CRFC which CAB holds directly and indirectly (representing approximately 32% of the outstanding Class A Shares) to Green Tree Capital Management Corp. ("Green Tree") (the "Proposed Transaction").
View More : http://www.marketwire.com/mw/release.do?id=1412402&sourceType=3
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