The results indicate that over the whole sample the CPILF has the highest correlation with the federal funds rate and the CTPI has the lowest correlation with the federal funds rate.
These results are interesting in that the CPILF and the PCELF have been touted as better measures of inflation that the CPI or the CTPI.
This is likely due to the fact that the MCPI is less affected by relative price movements than the CPI or the CTPI and is more closely related to monetary inflation, or changes in the overall price-level.
In connection with the merger agreement, CTPI, a wholly-owned subsidiary of CTPI, Neurologix and certain securityholders of Neurologix entered into a voting agreement pursuant to which a majority of each class of Neurologix securities agreed to vote all of their Neurologix capital stock in favor of the merger agreement and the transactions contemplated thereby.
Concurrent with the execution of the merger agreement, CTPI loaned Neurologix $750,000 and Neurologix issued a promissory note in the aggregate principal amount of $750,000 due April 30, 2004 in favor of CTPI.
In connection with the proposed transaction, CTPI intends to file relevant materials with the Securities and Exchange Commission (the "SEC"), including a Registration Statement under the Securities Act of 1933, as amended (the "Securities Act"), that contains a prospectus and proxy solicitation statement.