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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (101098)	2/10/2009 2:22:30 PM
From: Tommaso	Respond to of 110194

OK, I see, it's in a footnote in the presentation. On January 16, 2009the Ontario Superior Court approved the restructuring ofthe Third Party Asset Back Commercial Paper (“ABCP”) market, which had been frozen since August 2007. On January 21, 2009 the Pan-Canadian Investors Committee for Third Party Structured ABCP announced that the restructuring Plan has now been fully implemented. Under the agreement New Gold willreceive new notes with a par value of CAD $168.9 million, the majority of which will mature in 2017. On closing of the restructuring, New Gold will also receive approximately CAD $5.8 million representingits share of interest earned on its ABCP from August 2007net of restructuring costs.