Skip to content.

Lawrence Payout Ratio Trust completes $120 million initial public offering

Date Closed

December 29, 2005

Lead Office

Toronto

Value

120.00 Million CAD

On December 16, 2004, Lawrence Payout Ratio Trust completed an initial public offering of 12,000,000 trust units at C$10 per trust unit for gross proceeds of C$120 million. The syndicate of agents was led by CIBC World Markets Inc. and included National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corp., Desjardins Securities Inc., Dundee Securities Corp., First Associates Investments Inc. and Raymond James Ltd. The agents were granted and exercised, on December 29, 2004, an option to purchase 1 million trust units for aggregate gross proceeds of C$10 million.

The agents were represented by McCarthy Tétrault LLP with a team that included Ronald Schwass, Andrew Armstrong and Katarzyna Szybiak (securities) and Nigel Johnston (tax).

People