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Agreement Enables Canadian Mutual Fund Companies to Concentrate on Core Competencies to Benefit Investors
TORONTO -- Citi today announced that its G...
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AIC LIMITED, a Toronto fund management company owned by Jamaican-born billionaire Michael Lee Chin, purchased a 75% stake in Jamaican government-owned...
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Appeal From: D.Del.,
Latchum, J.,
711 F.Supp. 1230
AFFIRMED.
...
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AIC LIMITED, compañía de administración de fondos de Toronto, propiedad del multimillonario jamaiquino Michael Lee Chin, compró el 75% del banco estat...
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Located at one of Canada's most important urban intersections, the unique aluminum and glass covered building is named in honor of [Michael Lee-Chin Crystal], whose donation of $30 million launched the Renaissance ROM Campaign in May 2003. Chin is a Jamaican-Canadian investor. Amongst other positions, he is currently Chairman of AIC Limited (a Canadian mutual fund), and the National Commercial Bank of Jamaica. In the latest Forbes billionaires list, he was placed at number 677 with assets worth around $1.8 billion and has created a light-filled structure that shines as a distinctive new symbol of Toronto for the 21st century. The entire development was designed by Studio Daniel Libeskind, in a joint partnership with Toronto's Bregman + Hamann Architects. ROM Director and CEO William Tho...
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BURLINGTON, ONTARIO--(BUSINESS WIRE)--Aug. 8, 1997--AIC Limited announced that it has accumulated an aggregate of 2,314,556 Preferred B shares, repres...
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TORONTO -- AIC Limited ("AIC") announced that certain mutual funds managed by it have decreased their holdings in CI Fund Management Inc. ("CI") resul...
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CONTRACTOR GENERAL Greg Christie on Thursday, May 22, revealed his office will conduct formal investigations into claims, by finance and the public service minister Audley Shaw, that investment firm Dehring, [Peter Bunting] and Golding (DB&G), had entered into 'sweetheart deals' with the Government of Jamaica.
Christie said the Office of the Contractor General (OCG) would probe certain transactions which were alleged to have involved the sale, to DB&G, of government-owned receivables which were due from AIC Limited, and the resale of a portion or all of the said receivables, by DB&G, to two public bodies - the National Insurance Fund and the National Housing Trust.
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BURLINGTON, Ontario--(BUSINESS WIRE)--July 21, 1997--AIC Limited announced that it proposes to merge two of its mutual funds - AIC Emerging Markets Fu...
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AIC LIMITED, Jamaican billionaire Michael Lee Chin's Canadabased mutual funds business, has suspended monthly dividend payments on three of its mutual funds, with combined assets of C$88 million and 2,397 investors worldwide.
There is no problem meeting our obligations to investors. The holdings of the funds are quite liquid and we can sell shares over short periods," said Robert Almeida, executive director of AIC Global Holdings.
The AIC group has US$1.2 billion assets in the Caribbean. Its holdings include National Commercial Bank (NCB), worth more than US$800 million; Columbus Com- munications (Flow), valued by AIC at between US$200 million and US$300 million; Advantage General Insur- ance Company (formerly United General) and CVM Communications Group.