The Arizona Diamondbacks company would also have gained from

The summarizes pedrique company would spring training baseball understand also have gained from exchanging itsbonds, which traded at 23 cents on the dollar on Thursday, fornew debt that is expected to trade at its full value, traderssaid. CDSs are used to protect against a borrower defaulting onits debt or to speculate on its credit quality Kellwood isowned by private equity firm Sun Capital. Traders have speculated that the bank may have heldso-called negative basis trades, in which they owned the bondsand also owned CDS protection. In this case, the bank would have profited from paymentsfrom the CDS contracts, which are expected to stand at around80 percent of the insurance bought. "CDS contracts are absolutely critical in restructuringsand if Deutsche Bank had protection it makes perfect sense thatthey would defer supporting the company until they locked ingains on the CDS side," said Sean Egan, managing director atEgan-Jones Ratings Co in Haverford, Pennsylvania. If Deutsche Bank had agreed to the bond exchange before itsoriginal deadline on July 17, payments on the CDS would nothave been triggered, traders said. Companies typically have an automatic 3-day grace period torepay a bond before payments on the CDSs are deemed necessary.

It's not known whether Deutsche Bank also owned protectionon the CDSs, though the timing of its agreement to the exchangeoffer has sparked widespread speculation that it may have diamond back baseball . Payments on Kellwood's CDSs were triggered on July 20 dueto the company's failure to repay the bonds, derivatives tradeassociation the International Swaps and Derivatives Associationsaid on Wednesday spring training map . Kellwood spokesman Eric Hunter said the company has "noidea" what caused the bank to change its mind spring training sites . "It looks like they were trying to have their cake and eatit," said one CDS trader spring training arizona 2009 schedule . Stocks  |  Bonds  |  Bankruptcy Kellwood, which owns clothing brands Phat Farm and SagHarbor said on Thursday that bondholders including DeutscheBank had agreed to exchange a $140 million bond that came duelast week for new senior secured debt maturing in 2014, savingthe company from a possible bankruptcy.

The company had previously said on Kellwood's on July 16that the bank, a large holder of the company's bonds, had"unexpectedly changed its position in recent days and decidednot to accept the offer." Deutsche Bank spokesperson Michele Allison declined tocomment chase field events . NEW YORK, July 24 (Reuters) - Deutsche Bank's (DBKGn.DE)about face in participating in Kellwood Co's bond exchange hassparked speculation that the bank may have been waiting firstfor payments on the company's credit default swaps to betriggered spring training tickets . (a subsidiary of Canfor Corporation) holding the remaining50.2% interest.For more information about Canfor Pulp Income Fund and the Partnership,please visit Pulp Income FundTerry HodginsChief Financial Officer and Canfor Pulp Income FundDavid JanInvestor 2009, Market Wire, All rights reserved.-0- spring training schedules . The Fundindirectly holds a 49.8% interest in the Partnership with Canadian ForestProducts Ltd spring training baseball . The forward lookingstatements are based on current information and expectations and the Fundand Partnership assume no obligation to update such information toreflect later events or developments, except as required by law.About Canfor Pulp Income FundThe Fund is an unincorporated, open-ended trust established under thelaws of Ontario, created to indirectly acquire and hold an interest inthe Canfor Pulp Limited Partnership (the "Partnership"). New riskfactors may arise from time to time and it is not possible for managementto predict all of those risk factors or the extent to which any factor orcombination of factors may cause actual results, performance andachievements of the Fund and Partnership to be materially different fromthose contained in forward-looking statements. The risks and uncertaintiesare detailed from time to time in reports filed by the Fund with thesecurities regulatory authorities in all of the provinces and territoriesof Canada to which recipients of this press release are referred to foradditional information concerning the Fund and Partnership, its prospectsand uncertainties relating to the Fund and Partnership and its prospects.These statements are based on management's current expectations andbeliefs and actual events or results may differ materially.

Words such as "expects", "anticipates", "intends","plans", "will", "believes", "seeks", "estimates", "should", "may","could" and variations of such words and similar expressions are intendedto identify such forward-looking statements mark romanczuk . While an external review will be undertaken, there isconsiderable talent and potential internal candidates within CanforCorporation and CPLP.Forward Looking StatementsCertain statements in this press release constitute "forward-lookingstatements" which involve known and unknown risks, uncertainties andother factors that may cause actual results to be materially differentfrom any future results, performance or achievements expressed or impliedby such statements spring training map . We are pleased that Paul will continue to lead CPLP up to theannual general meeting and the entire Board is appreciative of Paul'scontinued contribution, guidance and leadership through these difficulteconomic times."A Search Committee of the Board has been constituted to commence theprocess of searching for Mr Richards' replacement as President and CEOof CPLP spring training sites . VANCOUVER, BRITISH COLUMBIA, Jul 24 (MARKET WIRE) -- Canfor Pulp Income Fund (the "Fund") (TSX: CFX.UN) announced today thatPaul Richards, President and CEO of Canfor Pulp Limited Partnership(CPLP) has decided to retire at the Fund's next annual general meeting ofunitholders, currently scheduled for April 27, 2010.Charles Jago, Chairman of CPLP said, "Paul has decided that after morethan 38 years in the business he will retire to spend more time with hisfamily . As of---------------------------------------------- June 30,March 31, Dec.