Date Closed

September 19, 2007

Lead Office

Toronto

Value

450.00 Million CAD

On September 19, 2007, bcIMC Realty Corporation completed a private placement of C$250 million principal amount of 5.25% Series 5 subordinated unsecured notes due September 19, 2012 and C$200 million principal amount of 5.65% Series 6 subordinated unsecured notes due September 19, 2012 to certain institutional investors.

McCarthy Tétrault LLP advised the underwriters with a team led by Andrew Parker and Domenic Di Sisto.