NewGrowth Corp. Announces Pricing of Treasury Offering

TORONTO, June 19, 2014 /CNW/ - NewGrowth Corp. (the "Company") is pleased to announce that the Company's treasury offering of Class B preferred shares, series 3 (the "Preferred Shares") and additional Class A capital shares (the "Capital Shares") has been priced at $32.07 per Preferred Share and $42.40 per Capital Share.

The Company intends to file a final prospectus in each of the provinces of Canada in connection with the offering. The offering is expected to close on or about June 26, 2014 and is subject to customary closing conditions including approvals of applicable securities regulatory authorities and the Toronto Stock Exchange.

The syndicate of agents for the offering is being led by Scotiabank and includes CIBC, TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Mackie Research Capital Corporation and Manulife Securities Incorporated.

The Company is a mutual fund corporation created to invest its assets in common shares of selected large capitalization Canadian companies (the "Portfolio Shares") with growth potential and an attractive dividend yield in order to generate dividend income for holders of its preferred shares and to enable the holders of the Company's Capital Shares to participate in any capital appreciation in the Portfolio Shares.

This offering is only made by prospectus. A preliminary short form prospectus containing important detailed information about the securities being offered has been filed and is still subject to completion or amendment. Copies of the preliminary short form prospectus may be obtained from any of the above-mentioned agents. Investors should read the preliminary short form prospectus before making an investment decision. There will not be any sale of the securities being offered until a receipt for the final prospectus has been issued.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Company's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

SOURCE: NewGrowth Corp.

Investor Relations NewGrowth Corp.
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