GREY:AXXDF - Post by User
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wmbjkon Dec 15, 2004 6:10pm
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Post# 8319371
Fidelity Purchases Shares Of Addenda Capital
Fidelity Purchases Shares Of Addenda CapitalFidelity Purchases Shares Of Addenda Capital Inc.
Wednesday December 15, 4:56 pm ET
BOSTON, Mass., Dec. 15 /CNW/ -- Fidelity Management & Research Company and Fidelity Management Trust Company, of 82 Devonshire Street, Boston, Massachusetts, USA, (hereinafter referred to as "Fidelity") announce that certain fund accounts for which Fidelity serves as investment adviser have purchased 79,100 shares of Addenda Capital Inc.'s outstanding common stock. Fidelity has control but not ownership of these shares. As a result of the purchase, Fidelity holds 1,205,700 shares (or 10.25%) of Addenda Capital Inc.'s common stock. Fidelity's purchase of Addenda Capital Inc.'s common stock was executed on the Toronto Stock Exchange.
Fidelity fund account purchases have been made for investment purposes only, and not with the purpose of influencing the control or direction of Addenda Capital Inc. The Fidelity fund accounts may, subject to market conditions, make additional investments in or dispositions of securities of Addenda Capital Inc., including additional purchases of shares of common stock. Fidelity does not, however, intend to acquire 20% of any class of the outstanding voting or equity securities of Addenda Capital Inc.