IIAC 3Q07 Issuance Report

The Investestment Industry Association of Canada announced its Review of Equity New Issues and Trading for the third quarter of 2007, noting:

Preferred share issuance down 97 per cent quarter-over-quarter

Issuance in the first three quarters of 2007 totalled $4.2-billion, compared with $28.5-billion common, $6.4-billion Income Trusts, $1.6-billion Limited Partnerships and $0.3-billion Capital Trusts. Presumably, the two new issues announced in September for October settlement will be incorporated into the 4Q07 figures.

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