2004 News Releases
	2008 I 2007 I 2006 I 2005 I 2004
	Teachers’ and Sherritt submit comprehensive $1.8 billion recapitalization plan for Stelco The Island Energy Partnership ("IEP"), a 50/50 joint venture between the Teachers' and Sherritt International Corporation ("Sherritt"), announced today it has submitted a comprehensive $1.8 billion recapitalization plan (herein referred to as the "Plan") to Stelco Inc. ("Stelco"). December 21, 2004
	Teachers’ to purchase Alliance Laundry Systems LLC Teachers’ Private Capital, the private equity arm of the Ontario Teachers’ Pension Plan, acting through an affiliate, has signed an agreement to purchase Alliance Laundry Holdings LLC from Bain Capital Partners, LLC and other minority shareholders for approximately US$450 million. December 8, 2004
	Update on Nortel Class Action “Shareholders should be able to rely on accurate disclosure of a company's financial results to make informed investment decisions. When there is false or misleading disclosure, we believe companies, executives and directors must be held accountable,” said Robert Bertram, Teachers’ Executive Vice-President, Investment. November 17, 2004
	Teachers’ and BML launch an innovative new partnership for investment in Canadian life science companies Teachers’ Private Capital, the private equity arm of the Ontario Teachers’ Pension Plan, one of Canada’s largest investors, and Bioscience Managers Limited (“BML”), the specialist life science venture capital firm, announced today the closing of an innovative new partnership for investment in Canadian life science companies. October 21, 2004
	Teachers’ commends Molson announcement Claude Lamoureux, President and CEO, commends Molson for listening to its shareholders and addressing their concerns. October 14, 2004
	Teachers’ and the Caisse invest $1.2 billion to help form Europe’s largest independent mezzanine fund Teachers’ Private Capital, the private equity arm of the Ontario Teachers’ Pension Plan, and the Caisse de dépôt et placement du Québec through its private equity unit have invested C$1.2 billion in the launch of Europe’s newest and largest independent mezzanine fund, Park Square Capital Partners LP (“Park Square”). October 5, 2004
	Teachers’ supports a single regulator in Canada Statement issued by Claude Lamoureux, President and CEO. September 2, 2005
	Teachers’ and Jarislowsky Fraser object to Molson-Coors Plan of Arrangement Teachers’ and Jarislowsky Fraser announced today that they intend to challenge Molson Inc.’s Plan of Arrangement when it is presented to the Superior Court of Quebec for approval to proceed. September 21, 2004
	Ontario Teachers', OMERS and Scottish and Southern Energy win $7.5 billion infrastructure bid for gas distribution networks in UK Teachers' and Borealis Infrastructure today announced that they hold 50% of a consortium that has an agreement to acquire the Scotland and the South of England gas distribution networks from National Grid Transco plc. August 31, 2004
	Teachers’ chosen as co-lead plaintiff in Nortel class action The United States District Court, Southern District of New York, has appointed the Teachers’ and the State of New Jersey Treasury Department as co-lead plaintiffs in a securities class action law suit against Nortel Networks Corporation and certain of its former senior executives. July 14, 2004
	Parmalat Dairy & Bakery Inc. announces the completion of a comprehensive refinancing with Teachers’ Parmalat Dairy & Bakery Inc. announced today the completion of a CDN $610 million refinancing of its Canadian operations with Teachers’. The financing is being provided to repay certain existing indebtedness with the balance of funds being available for general business and operating purposes for the Canadian operations. July 12, 2004
	International investors endorse proposals for expensing of stock options in U.S. Teachers’, one of the largest institutional investors in Canada, added its voice to the powerful group of global investors urging the U.S. to implement proposed reforms on the expensing of stock options. July 6, 2004
	Teachers' applauds Goodale's decision to suspend income trust restrictions Teachers’ today applauded the decision by Federal Finance Minister Ralph Goodale to suspend the restrictions, put forward in the last federal Budget, that would have seriously curtailed the ability of pension plans to invest in income trusts. May 18, 2004
	Teachers’ releases 2003 Annual Report Teachers’ released its annual report today with details of its 2003 financial performance and an explanation of the pension plan’s actuarial funding shortfall. March 25, 2004
	Teachers’ explains its opposition to proposed cap on income trusts for pension plans Teachers’ explained its position on the proposed cap on income trust investment included in Tuesday’s federal budget.. March 25, 2004
	Teachers’ Merchant Bank and Rhône Capital announced purchase of Alcoa Specialty Chemicals for US$342 million Announcement: Teachers' Merchant Bank and Rhône Capital have purchased Alcoa Specialty Chemicals from Alcoa Inc. for US$342 million (C$450M). February, 2004
	Teachers’ reports 18% return for 2003 – third best in fund’s history Teachers’ announced today its financial performance results for 2003. Net assets increased to $75.7 billion from $66.2 billion in 2002. Income from investments was the highest ever at $11.4 billion. February 20, 2004
	Teachers’ acquires 50% interest in Northern Star Generation LLC from AIG Highstar Generation Teachers’, through its subsidiary OTPPB US Power LLC, has purchased a 50% interest in Northern Star Generation LLC from AIG Highstar Generation, LLC, a member of AIG Global Investment Group (AIGGIG). February 17, 2004

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