MDC Corporation Inc. (“MDC”) of Toronto, announced that they entered into an underwriting agreement relating to a public offering of 18,965,792 units of the Davis & Henderson Income Fund priced at $10.50 per unit for gross proceeds of approximately $200 million. MDC commenced a tender offer and consent solicitation, on March 7th, 2002, with respect to its outstanding 10 ½% Senior Subordinate Notes. On Monday, March 11th, MDC will conduct a conference call with media and the investment community to further detail these transactions.
The conference call will begin at 4:00 pm EST and will be accessible by dialing in 416-640-4127,
and the Toll Free Dial-In number is: 1-888-881-4892
Please ask the operator for the “MDC Conference with Miles S. Nadal”. To ensure proper connection, it is advised to call ten minutes prior to start time.
A recording of the conference call will be available until March 18th, by dialing 416-640-1917 or 1-877-289-8525 Code #177312), or by visiting our Web site at www.mdccorp.com
About Davis & Henderson
Davis & Henderson and its predecessors have been serving Canadian financial institutions and their account holders since 1875. Through an integrated service offering, Davis & Henderson has become the market leading company in Canada assisting financial institutions with the operation of their cheque supply programs.
About MDC Corporation Inc. (“MDC”)
MDC is a publicly traded international business services organization with operating units in Canada, the United States, United Kingdom and Australia. MDC offers security sensitive transaction products and services in four primary areas: Personalized Transaction Products such as personal and business cheques; Electronic Transaction Products such as credit, debit, telephone & smart cards and Secure Ticketing Products, such as airline, transit and event tickets. Stamps; both postal and excise. MDC shares are traded on the Toronto Stock Exchange under the symbol MDZ.A and on NASDAQ National Market under the symbol MDCA.
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