Teachers’ today announced it has signed an agreement with Orient Overseas (International) Limited of Hong Kong to purchase four marine container terminals in North America for US$2.4 billion. The assets will be held within the pension plan’s infrastructure and timber portfolio, which totals US$6.5 billion with this acquisition.

Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan (OTPP), today announced that it has agreed to acquire specialty resin adhesive and paper overlays producer Dynea North America from Dynea Chemicals Oy of Finland. Financial details of the agreement are not being released.

Teachers' has advocated for a taxation policy on income trusts that does not discriminate against pension funds, and we are pleased to see that this is the case with the government’s announcement yesterday.

In a meeting today with officials at Goldcorp Inc., the Ontario Teachers’ Pension Plan (OTPP) stated that the share dilution that will result from mergers like that of Goldcorp Inc. and Glamis Gold Ltd. should require shareholder approval.

Two class action suits against Nortel (Nortel I and Nortel II) have now entered the proof of claim period. For details on how to make a claim and answers to questions about these suits and settlements, please visit this website: www.nortelsecuritieslitigation.com

Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, completed the sale of Doane Pet Care to Mars, Incorporated today.

Teachers’ today announced a US$311 million cash settlement agreement has been reached in the securities class action against The Williams Companies, Inc.

Member services are returning to normal following a five-week strike. Members of OPSEU Local 598 ratified a new four-year contract late on May 29 to end the work stoppage.

Teachers' officials today released the results of a study that concludes that CEO compensation in Canada cannot be correlated to total stock returns.

Teachers’ Private Capital, the private equity arm of Ontario Teachers’ Pension Plan, announced that Mars, Incorporated has entered into an agreement to acquire Doane Pet Care.

Members of the plan are saddened by the death of their friend and former Maple Leaf Sports and Entertainment colleague, Steve Stavro.

Teachers’ CEO Claude Lamoureux today reassured the province’s teachers and pensioners that their pension contribution deductions and payments will not be delayed or impeded as a result of a strike by 255 members of OPSEU Local 598. The strike begins Saturday, April 22 at 12:01 a.m.

Teachers’ announced today that the fund’s net assets increased in 2005 to $96.1 billion from $84.3 billion in 2004. Income from investments was $14.1 billion, up from $10.8 billion in 2004, for total income of $24.9 billion over two years.

Teachers’ announced today that its private investment arm, Teachers’ Private Capital, has committed US$700 million to York Street Capital Partners’ second mezzanine debt fund — York Street Mezzanine Partners II, L.P.

Teachers’ and several other plaintiffs have reached a historic agreement in principle with Nortel Networks Corporation to settle two major securities-related class actions. The conditional settlement is for approximately $2.4 billion in cash and Nortel common stock (all figures in US dollars and at the current NYSE price). Teachers' is a court-appointed Co-Lead Plaintiff in the securities class actions.

Fenway Partners, a leading middle market private equity firm, announced today that it has agreed to combine its portfolio company, Riddell Bell Holdings (RBH), with Easton Sports in a transaction valued at approximately US$400 million. Fenway was supported in the acquisition by Teachers’ Private Capital which will acquire a significant minority interest in the combined entity, Easton-Bell Sports, Inc.

Media reports have been circulating about who might have been aware of Finance Minister Ralph Goodale’s November 23, 2005 Income Trust and Corporate Dividend announcement before the announcement was made.