All-Star Portfolio Notes, Series 2 extension
ONE Financial Extends Offering Period for Series 2 of its All-Star Portfolio Notes™ to November 28, 2003
Toronto, Ontario - October 27, 2003
ONE Financial today announced that it is extending the offering period for Series 2 of the ONE Financial All-Star Portfolio Notes™ by two weeks to November 28th, in response to significant demand from Canadian investors.
ONE Financial's CEO Jeffrey O'Brien says that the strong investor response to the Notes reflects the growing demand for principal-protected, equity-linked products. He said that the company expects to have raised between $100 and $150 million in the All-Star Portfolio Notes series by the closing of this second offering.
The Notes are a unique debt instrument with the potential to deliver equity-like returns through a link to the performance of some of Canada's top-performing mutual funds. The Notes offer the potential for enhanced performance, are 100% principal protected and provide a guaranteed minimum return of 7% at maturity - a Canadian first for mutual fund-linked investment products.
About ONE Financial
ONE Financial is a dynamic, specialized investment products firm that was formed in 2001 to meet the growing demand from individuals and their advisors for more innovative investment solutions. With roots in private client advisory channels, the company's vision is to provide financial advisors and their clients with truly superior and unique investment strategies that were previously unavailable in the Canadian marketplace.