iShares Global Real Estate Index ETF T.CGR

Alternate Symbol(s): IGREF

The investment objective of the Fund is to replicate, to the extent possible, the performance of the Cohen & Steers Global Realty Majors Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.

TSX:CGR - Post by User

iShares Global Real Estate Index ETF > Question..... NO! No Sale!

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Comment by December3on Jul 12, 2006 9:45pm

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Post# 11108358

RE: Question..... NO! No Sale!

CGR has NOT sold to USGL....at least not yet.... McEwen & USGL apparently still intend to make an offer for all of the outstanding shares of CGR, but that offer has not yet been made officially. [USGL has only issued a letter signaling its intent.] Rumour has it that USGL is awaiting approval from the SEC to go ahead with making the formal offer. Once the regulators approve, the offer will be made, and THEN the shareowners get to vote. It is far from a sure thing, as USGL needs to get 2/3rds of the CGR shareowners to vote "yes" before the deal can be consummated. Hope this helps!

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