Corpfinance International Limited Announces New Company Ownership

CFI supported sustainability through the use of recycled and reclaimed materials, such as re-using old brick to cover cinderblock walls and using wood planks removed from one portion of the original floor to clad metal beams.

October 14, 2001

Toronto, Ontario—October 14, 2001
Terrance A. Wolff, Chairman and founder of Corpfinance International Limited (CFI) is pleased to announce that Kevin Andrews, Vice President has acquired Mr. Wolff’s ownership interest in the company, effective September 13, 2001. Mr. Wolff will remain Chairman while Mr. Andrews will take on the role of President and Chief Executive Officer. In addition, Chris Ball, Vice President has increased his ownership interest in CFI. Mr. Ball has also assumed a new role as Senior Vice President. Canada Life maintains an interest in the company.

“This transition in ownership reflects management’s belief in the future of the Company and the growth opportunities within the North American medium and long term financing marketplace,” said Terrance Wolff. “Both Kevin and Chris have demonstrated the skill, commitment and leadership required to continue to build our company and aggressively exploit market opportunities.”

Corpfinance International specializes in medium and long-term financing to Canadian and American private and public companies in several sectors including; leasing, energy, natural resources, pulp and paper, automotive, real estate, and the public and private partnership sector. CFI has assets of over $1 billion currently under management. The Company is distinguished by its’ underwriting expertise in structured finance, specifically securitization and project financing for electrical power generation. CFI is the largest independent funder of securitization transactions in Canada with over $2 billion of assets funded through its’ AA-rated CFI Trust conduit.

“As a small private investment bank, with a strong corporate finance group, we pride ourselves on providing innovative financial solutions to companies traditionally outside the scope of the large investment dealers” said Kevin Andrews. “We’ve funded some very unique transactions, like the first rental car securitizations ever executed in Canada, which funded in excess of $100 million in vehicles every six months. Our Project Finance Group has also structured and funded financing for over 20 small power generating stations.”

“In the future, we plan to build on this experience to develop new financing programs for specific industry segments that will provide competitive new sources of funds, while giving our funding partners the lowest possible credit risk,” added Mr. Andrews.

The change in control of the company was made possible through the financial support of Canada Life, Maritime Life and HSBC Canada.

About Corpfinance International Limited

Corpfinance International Limited specializes in providing customized medium and long-term financing and capital solutions for private and public corporations. The company is based in Toronto, Ontario with offices in Quebec and British Columbia and is owned by management and Canada Life.

CFI offers capital solutions through its wholly owned subsidiary CFI Capital and securitization financing through CFI Trust which is AA rated by DBRS, and which has generated over $2 billion in originations. With transactions ranging from $10 million to $100 million, CFI can offer fixed interest terms and amortizations up to thirty years.