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IUFC |
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Approval of the sale by shareholders of IUFC will be sought at the next Annual Special and General Meeting. to Sovereign Depository Corporation, announced on June 30, 2000, has been cancelled due to Sovereign's default and failure to meet certain conditions stipulated by IUFC. Established, by IUFC, in 1995 for the purpose of acquiring controlling interests in Canadian asset management companies, IUAM is now owned, since February 1999 by IUFC, (44%) and Working Ventures Canadian Fund which paid $10 million for its 56% interest. |
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