AIC's disadvantage: no street friends

Article Abstract:

AIC Ltd's poor performance with its flagship AIC Advantage equity funds is not expected to be reversed any time soon. The funds, which include the AIC Advantage Fund and the AIC Advantage Fund II, have the worst performance of any of Canada's biggest equity funds. This situation is not helped by AIC's refusal some time ago, back when the combined C$5.7- billion funds were considered market darlings, to share its prosperity with other trading houses.

Financial analysis, Open-End Investment Funds, Investment Companies, AIC Ltd.

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Deal saves Livent financing package

Article Abstract:

Insolvent theater company Livent Inc of Vancouver, British Columbia, has signed a deal which would allow it to access the remaining C$11.5 million available under a loan agreement with New York investment bank Angelo Gordon and Co LP. Under the deal, Livent will continue to pay 13.5% interest on the loan while most of the loan covenants remain unchanged. The company is saddled with a $125-million debt, mostly owed to vulture funds.

Receipt of funds, Theater Arts, Theater Companies and Dinner Theaters, Theater, Livent Inc.

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