Dominion Lending Centres Clearlease Reports Friday the 13th TMX files with regulators on LSE deal; profit rises

Dominion Lending Centres Clearlease Reports Friday the 13th TMX files with regulators on LSE deal; profit rises

VANCOUVER, BC – (May 13, 2011) Clearlease Reports TMX Group, the operator of the Toronto Stock Exchange, on Friday reported a 13 percent rise in quarterly profit and said it filed applications with Canadian provincial regulators for approval of its $3 billion tie-up with the London Stock Exchange.

The two exchanges filed with securities commissions in Ontario, Quebec, Alberta and British Columbia. Last month, TMX and LSE filed its application with the federal government under the Investment Canada Act.

First-quarter net income rose to C$64.3 million ($66.8 million), or 84 Canadian cents a share, up from C$56.7 million, or 77 Canadian cents, a year earlier, helped by higher revenue and trading volumes.

On an adjusted basis, TMX earned 97 Canadian cents a share, compared with 77 Canadian cents a share, a year earlier.

Revenue for TMX, which also operates the TSX Venture Exchange for small-capitalization companies and the Montreal Exchange derivatives market, rose 17 percent to C$174.7 million.

Total financing for the TSX rose 18 percent from the first three months in 2010, and 97 percent for the TSX Venture Exchange. Trading volumes also rose 20 percent on the TSX and 64 percent on the Venture Exchange.

All told, there were 91 new listings in the first three months of 2011, including 67 initial public offerings.

For the quarter, the company said merger related costs during the first quarter was C$8.3 million.

“We have made this investment because we are convinced this merger represents an unparalleled opportunity for our company,” Chief Executive Tom Kloet told analysts in a conference call, adding that the company was in the advanced stages of planning its merger special meeting.

“This is not a deal we have to do. It is a deal we want to do,” said Kloet who declined to comment on media reports that Canadian banks opposing the deal could make a rival approach.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Friday the 13th TMX files with regulators on LSE deal; profit rises

VANCOUVER, BC – (May 13, 2011) Clearlease Reports TMX Group, the operator of the Toronto Stock Exchange, on Friday reported a 13 percent rise in quarterly profit and said it filed applications with Canadian provincial regulators for approval of its $3 billion tie-up with the London Stock Exchange.

The two exchanges filed with securities commissions in Ontario, Quebec, Alberta and British Columbia. Last month, TMX and LSE filed its application with the federal government under the Investment Canada Act.

First-quarter net income rose to C$64.3 million ($66.8 million), or 84 Canadian cents a share, up from C$56.7 million, or 77 Canadian cents, a year earlier, helped by higher revenue and trading volumes.

On an adjusted basis, TMX earned 97 Canadian cents a share, compared with 77 Canadian cents a share, a year earlier.

Revenue for TMX, which also operates the TSX Venture Exchange for small-capitalization companies and the Montreal Exchange derivatives market, rose 17 percent to C$174.7 million.

Total financing for the TSX rose 18 percent from the first three months in 2010, and 97 percent for the TSX Venture Exchange. Trading volumes also rose 20 percent on the TSX and 64 percent on the Venture Exchange.

All told, there were 91 new listings in the first three months of 2011, including 67 initial public offerings.

For the quarter, the company said merger related costs during the first quarter was C$8.3 million.

“We have made this investment because we are convinced this merger represents an unparalleled opportunity for our company,” Chief Executive Tom Kloet told analysts in a conference call, adding that the company was in the advanced stages of planning its merger special meeting.

“This is not a deal we have to do. It is a deal we want to do,” said Kloet who declined to comment on media reports that Canadian banks opposing the deal could make a rival approach.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Friday the 13th TMX files with regulators on LSE deal; profit rises

VANCOUVER, BC – (May 13, 2011) Clearlease Reports TMX Group, the operator of the Toronto Stock Exchange, on Friday reported a 13 percent rise in quarterly profit and said it filed applications with Canadian provincial regulators for approval of its $3 billion tie-up with the London Stock Exchange.

The two exchanges filed with securities commissions in Ontario, Quebec, Alberta and British Columbia. Last month, TMX and LSE filed its application with the federal government under the Investment Canada Act.

First-quarter net income rose to C$64.3 million ($66.8 million), or 84 Canadian cents a share, up from C$56.7 million, or 77 Canadian cents, a year earlier, helped by higher revenue and trading volumes.

On an adjusted basis, TMX earned 97 Canadian cents a share, compared with 77 Canadian cents a share, a year earlier.

Revenue for TMX, which also operates the TSX Venture Exchange for small-capitalization companies and the Montreal Exchange derivatives market, rose 17 percent to C$174.7 million.

Total financing for the TSX rose 18 percent from the first three months in 2010, and 97 percent for the TSX Venture Exchange. Trading volumes also rose 20 percent on the TSX and 64 percent on the Venture Exchange.

All told, there were 91 new listings in the first three months of 2011, including 67 initial public offerings.

For the quarter, the company said merger related costs during the first quarter was C$8.3 million.

“We have made this investment because we are convinced this merger represents an unparalleled opportunity for our company,” Chief Executive Tom Kloet told analysts in a conference call, adding that the company was in the advanced stages of planning its merger special meeting.

“This is not a deal we have to do. It is a deal we want to do,” said Kloet who declined to comment on media reports that Canadian banks opposing the deal could make a rival approach.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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