Inform, May 2008

Table of Contents

In this issue...

Every Canadian publicly traded issuer is required to file both interim and annual financial statements with regulatory authorities and to make these documents available to its investors. Now these statements can often be published electronically on issuer websites or SEDAR.

In late February 2008, the SEC released DTC's amended proposed rule change for comment. Both STAC and STA believe that the amendment is one-sided - protecting DTC's business interests at the expense of transfer agents.

We are interested to learn your opinions about our services and your overall level of satisfaction. Understanding your needs and your perception of our products and services is essential to our ability to identify offerings that can support your requirements in the future.

To help you and your investors easily access the most frequently used pages on our website, CIBC Mellon provides direct links to take you to specific information.

This issue by:

James Hinnecke

William Speirs
Thomas C. MacMillan 

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Inform® is provided for general information purposes only and CIBC Mellon Trust Company, CIBC Mellon Global Securities Services Company, CIBC, The Bank of New York Mellon Corporation and their affiliates make no representations or warranties as to its accuracy or completeness. Readers should be aware the content of this publication should not be regarded as legal, tax, accounting, investment, financial or other professional advice nor is it intended for such use.