The Bank of New York Mellon Appointed Trustee and Agent for Niagara Health System's...

The Bank of New York Mellon Appointed Trustee and Agent for Niagara Health
System's New Health-Care Complex

NEW YORK, May 27 /PRNewswire-FirstCall/ -- The Bank of New York Mellon,
through its subsidiary BNY Trust Company of Canada, has been appointed
collateral trustee, intercreditor agent, indenture trustee and administrative
agent for the bond issue and syndicated loan facility which will be used to
build Niagara Health System's new Health-Care Complex and Walker Family Cancer
Centre in St. Catharines, Ontario. The $759 million health care complex will
consolidate acute and ambulatory services, cardiac catheterization, cancer
treatment and longer-term mental health services.

BNY Trust Company of Canada will assume a broad range of administrative roles
for the financing, including processing of principal and interest payments,
maintaining noteholder records, monitoring collateral and collecting and
disbursing insurance proceeds.

"We are pleased to support this important project, which will greatly enhance
the area's health care infrastructure," said Jerome Dwight, head of BNY Trust
Company of Canada.

The Bank of New York Mellon and BNY Trust Company of Canada provide global
trust and agency services to Canadian issuers interested in tapping the global
capital markets, as well as any issuer looking to issue in the Canadian
domestic capital markets. Overall, the Bank of New York Mellon's corporate
trust business services more than $12 trillion in outstanding debt from 57
locations around the world. It services all major debt categories, including
corporate, municipal and sovereign debt, mortgage-backed and asset-backed
securities, derivative securities and international debt offerings. The bank
does not compete with investment banks and deal arrangers, which allows it to
provide issuers, investors, borrowers and lenders with an independent and
objective service for their transactions.

Corporate trust providers are appointed by corporations, municipal governments
and financial institutions issuing debt to perform a variety of duties,
including servicing and maintaining the debt issue, processing principal and
interest payments for investors, representing investors in defaults, and
providing value-added services for complex debt structures.

The Bank of New York Mellon Corporation is a global financial services company
focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has $19.5 trillion in
assets under custody and administration, $881 billion in assets under
management, and processes global payments averaging $1.8 trillion per day.
Additional information is available at www.bnymellon.com.

SOURCE The Bank of New York Mellon Corporation

Kevin Heine of The Bank of New York Mellon Corporation, +1-212-635-1590,
kevin.heine@bnymellon.com