AO.PR.A & AO.PR.B to be Delisted

The TSX has announced that it:

has determined to delist the Common Shares of Algo Group Inc. (Symbol: AO), as well as the Convertible Redeemable Retractable Third Preferred Shares Series I (Symbol: AO.PR.A) and 6% Cumulative Redeemable Convertible Second Preferred Shares Series I (Symbol: AO.PR.B) at the close of market on August 6, 2008 for failure to meet the continued listing requirements of TSX. The Securities of the Company are currently halted due to the imposition of a Cease Trade Order. In addition, the Securities have been suspended from trading by TSX effective immediately. The Company will now be subject to the requirements of Section 501 of The TSX Company Manual.

The review was previously reported on PrefBlog. Neither issue is tracked by HIMIPref™.

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