Intact Financial Corporation files final short form base shelf prospectus and prospectus supplement Français
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TORONTO, Aug. 14, 2013 /CNW/ - Intact Financial Corporation (TSX:IFC) announced today that it has obtained a receipt for a final short form base shelf prospectus that will allow the company to offer up to $3.0 billion in any combination of debt, preferred or common share securities, subscription receipts, warrants, share purchase contracts and units over the next 25 months. This prospectus replaces a similar one filed in July 2011 which has since expired.
Intact also announced that it has filed a supplement to its base shelf prospectus to establish a medium term note (MTN) program that would allow the company to issue up to $850 million in unsecured medium term notes.
The nature, size and timing of any financings under the base shelf prospectus or the MTN prospectus supplement will depend on Intact's assessment of its funding requirements and general market conditions. When securities covered by the base shelf prospectus or the MTN supplement are offered for sale, a prospectus supplement or a pricing supplement containing terms of these securities will be provided. Unless otherwise specified in the prospectus supplement or pricing supplement, Intact will use the net proceeds from the sale of securities for general corporate purposes.
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 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. Securities that would be issued would not be registered under the United States Securities Act of 1933 and would not be offered, sold or delivered, directly or indirectly, in the United States of America, its territories, its possessions and other areas subject to its jurisdiction or to, or for the account or benefit of, a U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933) except in certain transactions exempt from the requirements of the U.S. Securities Act of 1933.
About Intact Financial Corporation
Intact Financial Corporation (www.intacfc.com) is the largest provider of property and casualty insurance in Canada. Intact offers home, auto and business insurance through Intact Insurance, belairdirect, Grey Power, BrokerLink and Jevco.
SOURCE: INTACT FINANCIAL CORPORATION
Media inquiries
Gilles Gratton
Vice President, Corporate Communications
+1 (416) 217-7206
[email protected]
Investor inquiries
Dennis Westfall
Vice- President, Investor Relations
+1 (416) 341-1464, ext. 45122
[email protected]
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