WN.PR.D Prospectus - George Weston Ltd. Preferred Shares Series IV

WN.PR.D Prospectus – George Weston Ltd. Preferred Shares Series IV.

The following is a set of excerpts from the prospectus document for the Series IV preferreds. The excerpts, highlight the most relevant information, an investor should know when analyzing this preferred. A link to the prospectus is provided lower in this page. The original document for WN.PR.D Prospectus – George Weston Ltd. Preferred Shares Series IV was used for the excerpts and the important information was highlighted for quick access.

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Excerpt: Size and initial yield

July 20, 2005 :

GEORGE WESTON LIMITED

$175,000,000

7,000,000 shares

5.20% Preferred Shares, Series IV

Excerpt: Reset Date and Yield Terms

The holders of 5.20% Preferred Shares, Series IV (the “Series IV Preferred Shares”) of George Weston Limited (the “Company”) will be entitled to receive fixed cumulative preferential cash dividends of $1.30 per share per annum, as and when declared by the board of directors of the Company, which will accrue from the date of issue and will be payable quarterly on the 1st day of January, April, July and October in each year. The initial dividend, if declared, will be payable on October 1, 2005 in the amount of $0.2084 per share, based on an anticipated closing date of August 2, 2005. See “Details of the Offering”. The Company may, at its option, at any time grant the holders of Series IV Preferred Shares the right, but not the obligation, to convert their shares upon notice into a further series of preferred shares of the Company. See “Details of the Offering – Details of the Series IV Preferred Shares – Conversion of Series IV Preferred Shares”. On and after October 1, 2010, the Company may, at its option, on not less than 30 nor more than 60 days’ notice, redeem for cash the Series IV Preferred Shares, in whole or in part, at $26.00 per share if redeemed prior to October 1, 2011, $25.75 if redeemed on or after October 1, 2011 and prior to October 1, 2012, $25.50 if redeemed on or after October 1, 2012 and prior to October 1, 2013, $25.25 if redeemed on or after October 1, 2013 and prior to October 1, 2014, and $25.00 if redeemed on or after October 1, 2014, in each case together with all accrued and unpaid dividends to the date of redemption.

Price: $25.00 per Series IV Preferred Share to yield 5.20% per annum

Excerpt: Conversion Terms

The Company may at any time and from time to time, at its option, create one ormore further series of Preferred Shares of the Company, into which any Series IPreferred Shares may, at the option of the holder, be converted on ashare-for-share basis, such right to be exercised within 45 days of notice of thecreation of such further series of shares