Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
First National Financial Corporation Agrees to Acquire Class H Units of First National Mortgage Investment Fund

TORONTO, Dec. 11, 2012 /CNW/ - First National Mortgage Investment Fund (the "Fund") is pleased to announce that First National Financial Corporation, an affiliate of First National Asset Management Inc., a promoter of the Fund, has agreed to acquire by way of private placement, concurrently with the closing of the initial public offering of the units of the Fund ("Units") (the "Offering"), Class H Units of the Fund at a price of $10.00 per Class H Unit in an amount that is equal to the lesser of: (i) 1 million Class H Units, and (ii) that number of Class H Units as would be equal to 20% of the number of Units issued pursuant to the Offering.  The Class H Units will be non-voting, will not be listed on a stock exchange and will be convertible into the Units on a monthly basis.   The private placement remains subject to the approval of the Toronto Stock Exchange ("TSX").

The Offering is scheduled to close on December 19, 2012.  The TSX has conditionally approved the listing of the Units under the symbol FNM.UN, subject to the fulfillment of TSX requirements.

The Fund has been created to obtain economic exposure to a diversified portfolio of mortgages originated by First National Financial LP, a wholly owned subsidiary of First National Financial Corporation.

The Fund's investment objectives are to:

        (i)      provide holders of units with tax-advantaged monthly cash distributions; and
           
        (ii)      preserve capital.

The distributions are initially targeted to be 6.0% per annum on the subscription price of $10.00 per unit ($0.05 per unit per month or $0.60 per annum).  Commencing in December 2013, the Fund will announce, at least annually, the expected distribution amount for the following twelve months.

Stone Asset Management Limited will act as manager and portfolio manager of the Fund.

First National Financial Corporation is a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages.

The syndicate of agents for this offering is being co-led by RBC Capital Markets, CIBC and TD Securities Inc., and includes BMO Capital Markets, National Bank Financial Inc., Scotiabank, Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd. and Macquarie Private Wealth Inc.

About First National:
First National Financial Corporation (TSX: FN) is the parent company of First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages.  With over $63 billion in mortgages under administration, First National Financial Corporation believes it is the largest lender of single-family residential mortgages in Canada outside the five largest chartered banks and one of the largest multi-unit and commercial mortgage lenders in Canada.  For more information, please visit www.firstnational.ca.

About Stone Asset Management Limited:
Stone Asset Management Limited manages a family of open-ended mutual funds, a series of flow-through limited partnerships and a TSX-listed investment fund. SAM specializes in structuring and managing high quality investment products and currently has approximately $685 million in assets under management.


 

SOURCE First National Mortgage Investment Fund

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest AJAXWorld RIA Stories
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even cod...
The National Cyber Security Awareness Month is transitory, but many of the decisions we have made around the adoption of technology within our personal and business have brought with them risks that will stay with us for a while. A good example of this is the deployment and proli...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structu...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is no...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Busin...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE