CST Receives Trust License, Announces Name Change to CST Trust Company
TORONTO, ONTARIO -- (Marketwired) -- 09/04/13 -- Canadian Stock
Transfer Company Inc. (CST) announced today that it has received
approval for CST Trust Company to commence business as a trust
company from the Office of the Superintendent of Financial
Institutions (OSFI). Since its launch, CST has worked closely with
OSFI to meet all requirements to obtain a federal trust license as
part of a rigorous application process.
Mark C. Healy, Chairman of the CST Board of Directors, noted, "This
is an important step for the growth and development of our company.
The trust license solidifies our standing as a competitive, committed
player within our industry and allows us to independently represent
issuers across Canada. We are now uniquely positioned to offer
issuers a proprietary and integrated suite of services, supported by
the industry's best service team."
As part of the transition to a trust company, CST also announced the
rebranding of the company to CST Trust Company, effective
immediately. Laurel Savoy, CST's newly appointed President and Chief
Executive Officer, commented, "The CST Trust Company name better
reflects our ability to service clients across multiple product
lines, while recognizing the higher standard of care required of a
trust company. The new name acknowledges that stock transfer
services, while core to our business, are just a starting point in
our client relationships."
This announcement marks a period of growth and expansion for CST,
during which it has introduced new services and formed client
partnerships with Rogers Communications Inc., Choice Properties Real
Estate Investment Trust and Quebecor Inc., among other notable
About CST Trust Company
CST Trust Company (CST) is part of the Link Group, an international
network of providers of transfer agent and employee plan services.
Headquartered in Toronto with offices in Montreal, Calgary, Halifax
and Vancouver, CST provides issuers with global solutions through
local service. CST and its U.S. partner, American Stock Transfer &
Trust Company, LLC (AST), form the North American division of the
Link Group. This division provides service to over 8,000 public
issues and more than 5.5 million shareholders in over 22 foreign
countries, ranging in size from initial public offerings to Fortune
CST Trust Company
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