May 2017 May 5 2017

)5((
&ROHEURRNªV/DUJHVW&LUFXODWHG:HHNO\1HZVSDSHU
7KH&ROHEURRN&KURQLFOH
&29(5,1*7+(72:162)7+(833(5&211(&7,&875,9(59$//(<
)5,'$<0$<

92/12
-RKQ1XJHQW$QG'DYLG%UXQDXOW7HOO&ROHEURRN%RDUG$ERXW7KHLU7ZR6HSDUDWH3URMHFWV
$W3ODQQLQJ%RDUG1HZ/LTXRU6WRUH%R[6WRUHV'LVFXVVHG
%\'RQQD-RUGDQ
6HYHUDO QHZ EXVLQHVVHV
ORRNLQJWRVWDUWXSLQ&ROHEURRN
ZHUHRQWKHDJHQGDDWWKH&ROH
EURRN 3ODQQLQJ %RDUG PHHWLQJ
WKLVZHHN
$W 7XHVGD\ªV &ROHEURRN 3ODQQLQJ %RDUG PHHWLQJ EXVLQHVVPHQ -RKQ 1XJHQW IDU ULJKW DQG 'DYLG
%UXQDXOWVHFRQGIURPULJKWWDONDERXWFRQFHUQVZLWKOLJKWLQJDQGZDWHUGUDLQDJHRQWKHLUUHVSHFWLYH
SURSHUWLHVQHDUWKH,*$VWRUHMXVWQRUWKRIGRZQWRZQ%RWKPHQDUHORRNLQJWREXLOGQHZVWUXFWXUHVRQ
WKHLUODQG&KDUOHV-RUGDQSKRWR
&ORVHV7R7UDIILF2Q0RQGD\
5HVLGHQWV3ODQ$OWHUQDWH5RXWHV2QFH
5WH%ULGJH5HSODFHPHQW%HJLQV
%\'RQQD-RUGDQ
)LUVWDQQRXQFHGLQWKH
1+ 'HSW RI 7UDQVSRUWDWLRQ LV
QRZKHDGLQJLQWRDPXFKQHHGHG
UHSODFHPHQWRIWKHEULGJHVSDQ
QLQJ%LVKRS%URRNRQ5WHLQ
6WHZDUWVWRZQ
7KH
'27
DQQRXQFHG WKDW WKH SODQQHG
FORVXUH RI WKH 1+ 5RXWH 
EULGJH RYHU %LVKRS %URRN LQ
6WHZDUWVWRZQ ZLOO EHJLQ RQ
0RQGD\0D\DVSDUWRI
WKHEULGJHUHSODFHPHQWSURMHFW
,WLVOLNHO\WRKDYHDODUJHLPSDFW
RQGULYHUVWKURXJKRXWWKHGXUD
WLRQEHFDXVH5WHLVDVFHQLF
GULYH LQ WKH VXPPHU DQG IDOO
PRQWKVIRUWRXULVWVDQGEHFDXVH
LW LV KLJKO\ XVHG E\ UHVLGHQWV
DORQJWKHURXWH
7KH SURMHFW ZLOO UHTXLUH D
FRPSOHWH URDG FORVXUH DW WKH
EULGJH XQWLO 2FW  
DFFRUGLQJWRWKH'27:KLOHWKH
GHWRXUZLOOEHLQSODFHIRUDERXW
VL[PRQWKVZRUNRQWKHEULGJH
&RQWLQXHGRQSDJH
7KHERDUGDSSURYHGWKHVWDUW
XSRIWZRQHZEXVLQHVVHVRQHIRU
5DQG\/DNLQWREHFDOOHG§/LWWOH
%LWRI%RVWRQ¨DQGWKHRWKHUIRU
&ROLQ)LQQFDOOHG§&RRV%UHZLQJ
&RQWLQXHGRQSDJH
-HDQQHWWH%HODQJHUDUHVLGHQWRI0RQDGQRFN9LOODJHUHFHLYHVDSUHWW\
0D\EDVNHWIURP&ROHEURRN.LQGHUJDUWHQVWXGHQW6RSKLD5RELQVRQ
'RQQD-RUGDQSKRWR
1RUWKHUQ3DVV:LOO1HHG
1HZ$FFHVV5RDGV
%\*DUU\5D\QR
,Q'HSWK1+RUJ
&RQVWUXFWLQJ WKH PLOH
1RUWKHUQ 3DVV 7UDQVPLVVLRQ
OLQH SURMHFW ZLOO LPSDFW KRVW
FRPPXQLWLHV DQG ORFDO WUDIILF
EXW WKH HIIHFW ZLOO YDU\ IURP
ORFDOLW\WRORFDOLW\
3URMHFW FRQVWUXFWLRQ RIILFLDOV
WROGWKH6LWH(YDOXDWLRQ&RPPLW
WHHRQ0RQGD\WKDWPDQ\RIWKH
FRQVWUXFWLRQ PDWHULDO VWRUDJH
DUHDV ZKLFK ZLOO EH XVHG IRU
VWRULQJ PDWHULDOV DQG IRFDO
SRLQWV IRU FRQVWUXFWLRQ HTXLS
&RQWLQXHGRQSDJH
$MXPERVFUHHQLQRQHRIWKHODUJHSHUIRUPDQFHEDOOURRPVLQ6W-RKQ
1HZ %UXQVZLFN PDGH LW FOHDU WKDW WKH (DVW &RDVW 0XVLF $ZDUGV
)HVWLYDODQG&RQIHUHQFHZDVLQWRZQ&KDUOHV-RUGDQSKRWR
(&0$V,W:DV0XVLF:HHN
,Q6W-RKQ1HZ%UXQVZLFN
%\7KRPDV-RUGDQ
,WªVWKHELJJHVWFHOHEUDWLRQVRI
PXVLF LQ HDVWHUQ &DQDGD ZLWK
WKH ELJJHVW JDWKHULQJ RI PXVL
FLDQV DQG PXVLF IDQV LQ RQH
SODFHDQGWKLVSDVWZHHNHQGLW
DOO WRRN SODFH LQ 6W -RKQ 1HZ
%UXQVZLFN
)RUDOPRVW\HDUVWKH(DVW
7KHEULGJHRYHU%LVKRS%URRNRQ5WHZLOOEHUHSODFHGVWDUWLQJ0RQGD\0D\7UDYHOHUVZLOOEH &RDVW 0XVLF $VVRFLDWLRQ KDV
GHWRXUHGDURXQGWKHEULGJHIRUWKHQH[WVL[PRQWKV&KDUOHV-RUGDQSKRWR
EHHQ FKDPSLRQLQJ WKH PXVLF RI
$WODQWLF&DQDGD7KLVQRQSURILW
RUJDQL]DWLRQ LV WKH KRVW RI WKH
(DVW&RDVW0XVLF$ZDUGVIHVWL
YDO DQG FRQIHUHQFH D ILYHGD\
PXVLFDO FHOHEUDWLRQ VKRZFDVLQJ
(DVW &RDVW DUWLVWV DQG PXVLF
0DQ\ HYHQWV IDOO XQGHU WKH
XPEUHOODRIWKH(&0$VDOOZLWK
WKHJRDORISURPRWLQJWKHKRPH
JURZQWDOHQWRIWKHUHJLRQ
&RQWLQXHGRQSDJH