Teachers' to hold its MLSE ownership stake
TORONTO - The Ontario Teachers' Pension Plan (Teachers') today announced it is maintaining its ownership stake in Maple Leaf Sports and Entertainment (MLSE). Following various unsolicited expressions of interest in MLSE, Teachers' and its advisors began a process in March of this year to review its ownership stake in the company. Teachers' has concluded this eight-month process with the decision to maintain its stake in MLSE, which has been and continues to be a very successful investment.
With the acquisition in September of TD Capital Group's 13.46% minority stake, Teachers' now owns 79.53% of MLSE.
Teachers' will not be commenting further on its decision. With $107.5 billion in assets as of December 31, 2010, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 295,000 active and retired teachers in Ontario. For more information visit www.otpp.com
Director, Communications and Media Relations
Ontario Teachers' Pension Plan