Time
All a.m. or p.m. times refer to Eastern “standard” or
“daylight savings” time in effect on
the specified dates.
The "Challenge"
The short name for ShareOwner's 2008 Growth-Stock Challenge.
Enrolment Period (“Entry Period”)
From 12:01 a.m. on Monday, October 15, 2007 until 11:59 p.m. Friday, December 14, 2007.
Challenge Investing Period (“Investing Period”)
From the Challenge Start Time to the Challenge End Time.
Challenge Start Time (“Start Time”)
Wednesday, January 2, 2008, the opening of regular trading on the Toronto, New York,
American and NASDAQ stock markets.
Challenge End Time (“End Time”)
Friday, November 28, 2008, the close of regular trading on the Toronto,
New York, American and NASDAQ stock markets.
Challenge Address (“Address”)
Challenge Administrator
Canadian ShareOwner Investments Inc.
4 King Street West, Suite 806
Toronto, ON M5H 1B6
Challenge Administrator (“Administrator”)
The Challenge Administrator will be Canadian ShareOwner Investments
Inc. (CSII). The Administrator is a member of the Investment Industry
Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection
Fund, and a participant in the Canadian Depository for Securities.
ShareOwner, published by ShareOwner Magazine Inc.
Eligibility
There is no fee or charge of any kind to enrol in the Challenge.
To enter and be eligible to win, a person must be a resident of
Canada (excluding the province of Quebec) who has reached the age
of majority in his/her province/territory of residence and who is
enrolled at a Canadian university or college. In addition, the person must execute all necessary documents to
open a Challenge Account with the Administrator and must deposit
the Training Portfolio Capital during the Entry Period. Employees and members of their immediate families (defined as
parents, children, siblings and spouses) of the Sponsor, Administrator,
and related organizations are not eligible to enrol in the
Challenge.
Challenge Enrolment Form (“Enrolment Form”)
During the Entry Period, a potential contestant must complete and
submit to the Administrator an Official Enrolment Form.
The Enrolment Form is available from the Administrator.
A Contestant may enter the Challenge only once.
Each completed Enrolment Form must be accompanied by a personal cheque
in the amount of the Training Portfolio Capital and be drawn on a Canadian
financial institution. A post-dated cheque will not be accepted.
The Administrator assumes no responsibility to return a post-dated
cheque.
A person shall only be admitted as a Contestant in
the Challenge once the Enrolment Form has been fully completed to the
satisfaction of the Administrator and the accompanying cheque has
been successfully cashed.
The Administrator may, in its sole discretion, refuse to accept
a Contestant's enrolment in the Challenge.
"Contestant"
A person enrolled in the Challenge.
Portfolio Capital
The Portfolio Capital is CDN $1,000.00.
Challenge Training Account (“Account”)
There is no tuition, fee, or charge of any kind to open an Account with
the Administrator. The Administrator will deposit the entire Portfolio Capital into each Contestant’s
Account. Beginning on Wednesday, January 2, 2008 and continuing
to Friday, November 28, 2008 the Administrator will credit the
Account with monthly interest on its cash balance at
the interest rate applicable to regular accounts with the Administrator.The only other deposits allowed into the Account during
the Investing Period are any cash and securities arising from dividends,
distributions, and corporate reorganizations involving securities
in the Account. An Account will be governed by the Account Agreements
required by the Administrator as a member of the Investment Dealers
Association.
Click here to view the applicable Account Agreements »
If the terms of these Agreements should conflict with the Challenge
Rules, the Challenge Rules shall govern.
Account Access
The Administrator will provide each Contestant with online access
to his/her Account at www.ShareOwner2.com. Each Contestant
will be provided with:
-
an
Account “Login” and “Password”,
and
-
a
“Trading Password”.
Prizes
The Sponsor guarantees 21 prizes that will total $20,000.00 (the “Prize
Pool”).
Grand Prize
$10,000.00 in cash will be awarded as the Grand Prize.
The Grand Prize will be awarded to the Contestant whose
Account has the highest value at the End Time.
Additional Prizes
The remainder of the Prize Pool will be awarded to the Contestants
with the next highest Account values at the End Time.
The distribution will be as follows:
$5,000 to the Contestant with the next highest account value after
the Grand Prize,
$1,000 to the Contestant with the next highest account value,
$500 to each of the four (4) Contestants with the next four (4)
highest account values,
$250 to each of the four (4) Contestants with the next four (4)
highest account values, and
$100 to each of the ten (10) Contestants with the next ten (10)
highest account values.
Account Value
The total value of all cash and securities in the Account
at the time of valuation as determined by the Administrator. Cash and securities will be considered to be in the
Account only after they have been received by the Administrator.
For example, dividends declared and payable but not yet received
at the End Time will not be treated as “in the
Account”.
Conditions for Awarding Prizes
No prize (whether Grand or Additional) will be awarded, unless 1. the Contestant has made no withdrawals of cash or securities
from his/her Account during the Investing Period; and 2. the Account holds at least five (5) securities on
a settlement day basis at the End Time. Cash is not
considered a security.
Administrative Costs
The Sponsor and Administrator will pay all administration
costs relating to the Challenge.
Challenge Securities
The Sponsor will determine the securities that will be included
in the Challenge’s universe of approximately 150 Canadian
and U.S. securities that are traded on leading North American stock
exchanges (“Challenge Securities”).
Click here to view
the Challenge Securities »
The Sponsor and Administrator are independent of the issuer of any
Challenge Security. In the normal course of its business, the Administrator
may acquire, hold or sell securities included in the Challenge
as principal or agent, for itself or others, or on behalf of related
third parties.
Challenge Training Portfolio
Contestants will use their security analysis and portfolio management
skills to choose Challenge Securities to purchase for their
Accounts. Subsequently, Contestants will continue to use these skills
to make decisions to buy, hold or sell Challenge Securities during
the Investing Period.
To assist Contestants in their decision making, the Sponsor will
provide each Contestant with online educational and stock-study materials.
Contestants are expected to use the Administrator’s co-operative investing
service to place online orders to buy and sell Challenge
Securities during the Investing Period.
How the Co-operative Investing Service Works
All buying and selling for an Account during the Investing Period will be without
charge to the Contestant.
All orders to buy or sell a specific Challenge Security are combined into one consolidated
order (a Co-operative trade) that is executed on the Challenge Security's principal stock
exchange as determined by the Administrator.
Buyers pay, and sellers receive, the same average price paid (or received) for all
shares included in a consolidated order.
Each Challenge Security is traded on a fixed schedule every week,
every two weeks, or monthly.
Transactions involving a Challenge Security that is traded on a U.S. stock exchange will
reflect the Administrator's currency conversion spread between the current bid and ask
currency exchange rates on a trade-date basis.
Dividends
All cash dividends received on Challenge Securities will be automatically reinvested without charge during the first available Co-operative trade for the applicable
security following receipt of the dividend.
FREE Initial Portfolio Purchases
Contestants may enter their orders for Challenge Securities any time after their Challenge
Account is opened. However, buying and selling without charge begins with Co-operative
trades scheduled for January 2008.
Click here for Challenge Security's trading-schedule.»
FREE Portfolio Management Purchases & Sales
Throughout the Investing Period, Contestants may rebalance or otherwise alter their
Accounts' holdings of cash and Challenge Securities by placing online orders to buy or sell
them, without charge, through the scheduled Co-operative trades for the applicable
Challenge Securities.
Purchases of a Challenge Security will be settled only if the required funds are in the
Contestant's Account by 12:01 a.m. on the trade's settlement day. Typically settlement
day is 3 business days following the date of a trade.
Orders to sell a Challenge Security will be eligible for execution only if the required
Challenge Securities are in the Contestant's Account by 12:01 a.m. on the day of the scheduled
Co-operative trade.
In the event that an order is executed in circumstances where the required funds or
securities are not in the Contestant's Account on settlement date, the trade will be
reversed at no cost to the Contestant.
Commission-Based Trading
During the Investing Period, Contestants may also buy and/or sell Challenge Securities
immediately, during the hours of operation of Canadian and U.S. stock exchanges,
by placing a market order over the telephone, or an online order, to buy or sell a
Challenge Security. The commission charged to the Contestant's Account will be as follows:
Online order: $29 flat fee.
Telephone order:
Canadian securities: $39 flat fee.
American securities: $43 flat fee.
These commissions will be charged in the currency of the trade.
Account Withdrawals during the Investing
Period
Any withdrawal of cash or securities by a Contestant from his/her
Account during the Investing Period will be deemed to
be a request by the Contestant to withdraw his/her Trading Account
from the Challenge.
Disposition of an Account
following the Investing Period
At the end of the Investing Period, a Contestant will have two options
regarding his/her Challenge Account:
Option 1. The Contestant’s Account will be converted
automatically to a non-registered trading account at the Administrator
on January 1, 2009 unless Option 2 is exercised.
Option 2. The Contestant, up to 11:59 p.m. on December 31, 2008,
may enter Investment Club orders online to sell without charge all of the securities in his/her Account. The total proceeds
from such sales will be deposited via a single electronic transfer
to the Contestant’s account at a Canadian financial institution.
Winning Contestants
Winning Contestants will be announced within 15 business days following
the End Time.
Each Contestant identified as a potential prize winner will be contacted
via telephone, at the telephone number listed on the Enrolment Form,
or by written notification sent to the address on the Enrolment Form.
In order to win, a Contestant identified as a potential winner must:
1. have complied with the Challenge Rules;
2. sign a Declaration and Release Form (the “Form”)
which confirms that the Contestant has complied with the Official
Challenge Rules; and,
3. accept the prize as awarded and release the Sponsor, Administrator,
and their affiliates and agents from any and all losses, liabilities,
damages or claims arising from or relating to the prize awarded
and the Challenge itself; and
4. provide the Administrator written proof of enrolment in a minimum of
one (1) university or college level class during the Enrolment Period and/or the
Investing Period.
For certainty, an official transcript will be accepted as proof of enrolment.
Each Contestant identified as a potential prize winner will have
10 business days to deliver the Declaration and Release Form to the Administrator.
If a Contestant who is identified as a potential winner: (a) cannot
be located; or (b) does not return the Form within the prescribed
time as set out in the Form; or (c) does not provide the required written
proof of enrolment, he/she will be disqualified and the Administrator will
assign the applicable prize to the next eligible Contestant or until there
are no more eligible Contestants. In the event that there are insufficient
Contestants to collect prizes, the unclaimed prizes will not be paid.
By enrolling in the Challenge, a Contestant consents to the use of
his/her name, address (city and province) and/or photograph without
further remuneration, in connection with any publicity carried out
by or on behalf of the Sponsor and Administrator during or after
the Investing Period.
General Rules
By entering the Challenge, a Contestant agrees to abide by the
Official Rules. Decisions of the Administrator with respect to all
aspects of the Challenge are final.
Challenge Securities are presented for educational purposes only.
Information and commentary about these securities available from
the Sponsor or Administrator are not intended to constitute an offer
to any particular person, or solicitation of an offer to any particular
person, to buy or sell any security, or investment advice, or recommendations
regarding the suitability or profitability of any security, transaction
or investment. The Administrator is not responsible for late or misdirected Enrolment
Forms or other documents or for problems with computer, online or
other communications.
Contestants agree that the Sponsor, Administrator, any of their employees, contractors
or affiliates, and any other companies participating in the design, administration
or fulfillment of this Challenge shall not be liable for injuries or loss of any kind
or any other costs or expenses resulting from enrolment in the Challenge, acceptance
of or use or misuse of any prize or parts thereof.
All entries become the permanent property of the Sponsor and Administrator and will
not be returned. The operation of this Challenge is subject to all applicable federal,
provincial and municipal laws.
No correspondence will be entered into except with the selected
entrants.
The Sponsor and Administrator will use the information on the Official
Enrolment Form only for the administration of this Challenge and other
investment education opportunities that may be provided by or on
behalf of the Sponsor or Administrator or an affiliate of either.
The Administrator reserves the right, for any reason, to terminate
or amend the Challenge at any time without prior notice. |
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» Time
» Enrolment Period
» Challenge Investing Period
» Challenge Start Time
» Challenge End Time
» Challenge Address
» Challenge Administrator
» Challenge Sponsor
» Eligibility
» Challenge Enrolment Form
» Portfolio Capital
» Challenge Training Account
» Account Access
» Prizes
» Grand Prize
» Additional Prizes
» Account Value
» Conditions for Awarding Prizes
» Administrative Costs
» Challenge Securities
» Challenge Training Portfolio
» Co-operative Investing
» Dividends
» Initial Portfolio Purchases
» Portfolio Management Trading
» Commission-Based Trading
» Account Withdrawals
» Winning Contestants
» General Rules
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