IBI Income Fund Completes $50M Offering

On December 20, 2007, IBI Income Fund completed a public offering of 2,083,333 trust units for proceeds of $50,000,000.  The syndicate of underwriters was led by CIBC World Markets Inc. with the syndicate of underwriters including TD Securities Inc., Blackmont Capital Inc., BMO Capital Markets, Canaccord Capital Corporation, Genuity Capital Markets, National Bank Financial Inc. and Raymond James Ltd. 

IBI Income Fund was represented by Fraser Milner Casgrain LLP with a team that included David Moscovitz, David Coultice, Michael Melanson, and Liz Fraser (corporate/securities) and Jules Lewy and Christopher Steeves (tax).

The underwriters were represented by Goodmans LLP with a team that included Neill May, Kari MacKay, Keir Hunt (corporate/securities) and Stacey Long (tax).