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The 20/20 CEO holds a 14 per cent stake in CCL, with Connor Clark and Lunn having the remaining 86 per cent, according to the prospectus. Shares are expected to be priced in a range of $10-$13 according to industry sources, with the betting most likely on $12, the same as the Trimark offering. In the expected deal, one third of Trilon’s shares will be bought by the other founding force, CCL (1986). At the moment CCL owns 42.9 per cent of 20/20 ordinary shares and the balance of 19 1/2 per cent owned by senior management. The share flotation would mean that just over 55 per cent of 20/20 would be owned by CCL (1986), the same 19 1/2 per cent by management and 25 per cent by the public. CCL is a private corporation owned by Connor Clark and Lunn, a Vancouver- based investment management company and Mr. Wood (Continued from page 21) group problems with Royal Trust and Trilon’s stake in Royal, but were denied by company officials. Firm offers public shares EAST OAKVILLE $205,000 OPEN HOUSE - Sunday March 28/93, 2-4 pm. 2042 Constance Drive Well kept home in mature area. Pre-approved fin. to qualified purchaser. VALERIE DEE* 338-2201 or 338-1338 825-2525 TRISH FI‘IZSIMMONS â€" 825-2525 Sales Representative ' 1283 «mum muslin sum“ 1-3 pm. 1516 mm m cm: sum" 24 m 2125 LAIIBEWIIM DRIVE SIM" 2-4 n.m. ELAINE STEERS â€" 825-2525 Sales Representative JUDY MURPHY â€" 825-2525 Sales Representative A Mutual fund companies usually finance the commission payouts through Limited Partnerships, where investors put up cash in return for a share of fees charged by fund managers and tax breaks. However, changes in Revenue Canada guidelines mean such schemes are now less attractive. According to the prospectus, 20/20 hopes to have the $23.3 million sale proceeds by end of May. It has arranged a $25-million loan facility with a leading chartered bank to cover any shortfall or emergency financing. About 90 per cent of the cash received will be used to finance brokers’ up-front commissions on mutual funds sales, under what is known as ‘rearâ€"end’ loads. “It’s (20/20) not as big as Trimark and Sceptre and those other big companies but it is a very good company and I suspect that it will go over well,” said a spokesman at RBC Dominion Securities which will be handling the share sale. ' . GLENWGDD. .. . a great place ' to raise your family - GRAND OPENING ‘Plri_ce:§ iaxjndlfeatures coyjrect aLPress Time Wooded Park Ravine Lots MODEL HOMES SAT. SUN. MAR. 27 28 2:00-4:00 P.M. . OPEN HOUSE ART COOPER* 847-3030 or 847-1643 18 FLORENCE you're looking for outstanding rchitectural designs, the most ought after features and andcrafted quality, Laurier' s new community 1n River Oaks 15 the place to be. 0 all brick homes on generous 40' 50' lots. 0 central Oakville location. 0 easy access to major highways. 0 a community with neighbourhood schools and parks. 0 close to shopping, recreation centre and Glen Abbey golf course. HOURS: PHONE: 257-9133 or 274-7474 ‘ 0 , 43' ft. lots Mon. - Thurs. 1-8pm Sat. Sun. 12-6pm Closed Fridays , o\_/ M}: W A a. s p Sun. 2â€"4 pm. 64 Park Avenue â€" $699,900 DANA KOVACH* 845-9350 Laurier Homes $ GST Incll on 9 50' ft. lots 'U , 56' ft. lots To qualified purchasers Included‘