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McLean Budden Limited, Series 3

Object: Principal Protected Notes Series 3, due July 28, 2014, Linked to the MB Balanced Growth Fund, a pooled fund managed by McLean Budden Limited (cusip 12290Z GP 59) hereafter the (“Notes”)

Issuance Date: July 27, 2006

Maturity Date: July 28, 2014

In July 2014, the third party calculation agent acting for BDC has determined that the amount payable under the Note was equal to $100.6995 for each $100 of Notes held by the Noteholders (“Initial Calculation”). Following this Initial Calculation, BDC has instructed the Canadian Depository for Securities (“CDS”) to pay the Noteholders via their respective brokers an amount equal to $100.6995 for each $100 of Notes held by the Noteholders on July 28, 2014.

In May 2015, BDC was informed by the calculation agent that the Initial Calculation was erroneous. The calculation agent has reviewed its initial calculation and determined that the amount payable under the Note was $106.267 for each $100 of Notes held by the Noteholders (“Revised Calculation”), a difference of $5.5675 for each $100 of Notes.

In July 2015, on the basis of the Revised Calculation, BDC has instructed CDS to pay the Noteholders via their respective brokers an amount of $5.5675, to which interests at the Bank of Canada daily rate will be added, for each $100 of Notes held by the Noteholders.

For additional information about the Notes, please contact BDC Public Affairs, Daniela Pizzuto at (514) 496-6768.

Information statement (PDF)



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