Advertisement for the sale of shares in the Rolland Company

The assets of the Rolland Company were sold to the Royal Securities Corporation. The name Rolland, which had become a hallmark of quality, was maintained for the new company designation.

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[Translation]

For sale: Redeemable preferred shares of $100 each in the Rolland Paper Company (Limited), 6% cumulative dividend, payable quarterly (with right to purchase shares…)

The Rolland Company succeeds the company of the same name which existed for 45 years and which itself grew out of an import business established by the Rolland family more than 85 years ago. Its mills at Saint-Jérôme and at Mont-Rolland, in the county of Terrebonne, produce only high-grade commercial paper products, which are sold throughout the country and even abroad.

Issue price (with rights): 97, to yield 6.19%.

This price is substantially inferior to that of good preferred shares in the newsprint industry