NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
TORONTO, Sept. 5, 2012 /CNW/ - Intact Financial Corporation (TSX: IFC)
announced today that it intends to issue an additional $50 million principal amount of Series 5 5.16% unsecured medium term notes
(the "Notes") due June 16, 2042 pursuant to its medium term note
program. The Notes will be direct unsecured obligations of IFC and
will rank equally with all other unsecured and unsubordinated
indebtedness of IFC. Following the closing of this offering, IFC will
have $250 million of the Notes outstanding. The net proceeds of the
offering will be used by IFC for general corporate and investment
purposes.
The Notes, offered on a best efforts basis by CIBC World Markets Inc.,
are expected to be issued on September 10, 2012. Details of the
offering will be set out in a pricing supplement which IFC intends to
file in Canada and which will be available on the SEDAR website for IFC
at www.sedar.com.
The securities to be offered have not been and will not be registered
under the U.S. Securities Act of 1933, as amended ("U.S. Securities
Act"), and may not be offered or sold in the United States or to or for
the account or benefit of U.S. persons absent registration or an
applicable exemption from the registration requirements of the U.S.
Securities Act. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy such securities in the
United States or in any other jurisdiction where such offer is
unlawful.
About Intact Financial Corporation
Intact Financial Corporation (www.intactfc.com) is the largest provider of property and casualty insurance in Canada.
Intact offers home, auto and business insurance through Intact
Insurance, belairdirect, Grey Power, BrokerLink and JEVCO Insurance
Company.
Forward-looking statements
Certain of the statements included in this press release about IFC's
current and future plans, expectations and intentions, results, levels
of activity, performance, goals or achievements or any other future
events or developments constitute forward-looking statements. The words
"may", "will", "would", "should", "could", "expects", "plans",
"intends", "trends", "indications", "anticipates", "believes",
"estimates", "predicts", "likely", "potential" or the negative or other
variations of these words or other similar or comparable words or
phrases, are intended to identify forward-looking statements. IFC and
management have no intention and undertake no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
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