CDN WORLD FUND T.CWF

RE: new low - Dave

[victor75]

Dave - Attached below is the CWF company overview from this SH site. CWF was recommended by a guest a few weeks back on BNN when it was trading around $7.00 pps level. Suspect that the recent low is due to outstanding Rights issue (details attached)which enables current CWF shareholders (as you can see the company is closely held) to subscribe to purchase one additional share at a price of $6.25 until 4:00 PM Tuesday June 5th, 2007. Given the current pps of CWF - TSX is $6.35 and the Rights (CWF.RT - TSX) trade at $0.03, the Rights appear to have $0.10 of "intrinsic value" locked in, and could this could be an interesting play this week. Hope this helps, good luck, Victor "CWF - Description: Canadian World Fund Limited seeks to provide superior long-term returns by investing in securities of global, publicly traded, primarily growth companies. Established in 1994, the Fund presents one of few opportunities in the Canadian stock market for investors to buy directly into global markets and generally at a low price relative to value. Emphasis is given to a bottom-up style selection process by the Manager, Morgan Meighen & Associates Limited, investment managers since 1956. Concentration on attractive holdings rather than asset allocation by regional and country weighting is this fund's strategy. Canadian World Fund Limited common shares are listed on the Toronto Stock Exchange under the symbol CWF. Market prices of the Company's shares are published daily in Canada. The Corporation calculates and releases its net asset value per share (NAV) on a daily basis. The NAV is published in various media in Canada and the United States. Ongoing efforts to promote and expand awareness of the Corporation and the closed-end sector in general continue with participation as a founding member of the Closed-End Fund Association (CEFA) in North America (website: www.cefa.com)." "CANADIAN WORLD FUND LTD Canadian World Fund Limited Announces Filing of Preliminary Prospectus in Respect of Rights Offering 4/19/2007 TORONTO, CANADA, Apr 19, 2007 (MARKET WIRE via COMTEX News Network) -- Canadian World Fund Limited (TSX: CWF) (the "Company") announces that it has filed a preliminary short form prospectus in connection with the offering of rights to its common shareholders to subscribe for common shares of the Company (the "Rights Offering"). The Rights Offering is subject to receipt of all regulatory approvals, including the approval of the Toronto Stock Exchange. Rights and Subscription Price: Each common shareholder will receive one right for each common share held on the record date. Each right will entitle the holder to purchase one common share (the "Basic Subscription Right"). The record date, exercise price and rights expiration date have not yet been determined. The Company will make a further announcement with respect to these matters subsequent to the filing of the final short form prospectus. Additional Subscription Privilege: Holders of rights who fully exercise their rights under the Basic Subscription Right are entitled to subscribe pro rata for additional common shares, if available, that were not subscribed for initially, on or before the expiry date. Use of Proceeds: The net proceeds of the Rights Offering will be used in a manner consistent with the Company's investment objective which is to provide superior long-term returns to investors. The strategy of the Company will continue to be to search for and acquire investments globally in securities of primarily publicly traded growth companies. Dealer Managers: Blackmont Capital Inc. and TD Securities Inc. have been engaged to be the dealer managers for the Rights Offering. The Company has been advised that its directors and officers will be exercising all of their rights to acquire common shares under the Basic Subscription Right. In addition, the Company has been advised that its principal shareholders, New Annan Investments Ltd. and Third Canadian General Investment Trust Limited (companies controlled by Jonathan A. Morgan and Vanessa L. Morgan, who are also directors and officers of the Company), which own 27.94% and 27.31% of the common shares of the Company, respectively, each intend to exercise all of their rights to acquire common shares under the Basic Subscription Right. Management and the Board of Directors of the Company believe that a capital expansion is in the best interests of the Company. The primary benefits that are anticipated are a larger asset base over which to spread fixed costs, better scale to build presently held and prospective global opportunities and increased awareness and liquidity in the Company's common shares. A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada, but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province. Contacts: Canadian World Fund Limited Jonathan A. Morgan President and CEO [phone] [phone] (FAX) Email: [e-mail] Website: www.mmainvestments.com SOURCE: Canadian World Fund Limited mailto:[e-mail] https://www.mmainvestments.com