GENIVAR Income Fund Completes $100M Offering

On October 16, 2009, GENIVAR Income Fund completed a public offering of 3,809,500 units of the Fund for gross proceeds of approximately $100,000,000. The units of the Fund were offered through an underwriting syndicate co-led by BMO Capital Markets and CIBC World Markets Inc. and that also included National Bank Financial Inc., Raymond James Ltd., TD Securities Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Laurentian Bank Securities Inc., Macquarie Capital Markets Canada Ltd., Blackmont Capital Inc., Cormark Securities Inc. and Dundee Securities Corporation. The net proceeds of the offering are being used to repay the bank advances under GENIVAR's credit facilities, for working capital and general corporate purposes. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with professional consulting services.

GENIVAR Income Fund was represented in-house by Anne-Marie Laberge, senior legal advisor, corporate affairs and Louis-Martin Richer, chief legal officer and by Stikeman Elliott LLP, with a team that included Steeve Robitaille, Maxime Turcotte, Vanessa Coiteux, Marie-Ève Ferland (corporate and securities), Luc Bernier and Pierre-Louis Le Saunier (tax).

The syndicate of underwriters was represented by Fasken Martineau DuMoulin LLP with a team that included Gilles Leclerc, Gabriel Castiglio, Jean Michel Lapierre, Rebecca McLeod (corporate/securities) and Gilles Carli (tax).