Mulvihill Pro-AMS 100 Plus Completes Canadian and U.S. IPOs

Mulvihill Pro-AMS 100 Plus (Cdn$) Trust (Cdn$ Trust) and Mulvihill Pro-AMS 100 Plus (US$) Trust (US$ Trust), completed initial public offerings of trust units (including over-allotment options exercised) for aggregate gross proceeds exceeding $240 million in November 2001.

The Cdn$ Trust’s investment objectives are: (i) to return the original issue price of $25 to unitholders upon termination of the trust in December 2016; (ii) to provide monthly distributions targeted to be at least $0.17708 or 8.5 per cent on the original issue price; and (iii) to provide unitholders with capital appreciation above the original issue price. The US$ Trust’s investment objectives are: (i) to return the original issue price of US$20 to unitholders upon termination of the trust in December 2016; (ii) to provide monthly distributions targeted to be at least US$0.14167 or 8.5 per cent on the original issue price; and (iii) to provide unitholders with capital appreciation above the original issue price.

Andrew Aziz, Andrew McGuffin and Eleanor Farrell of Osler, Hoskin & Harcourt LLP represented both trusts and Mulvihill Capital Management Inc. Shawn McReynolds, Ronald Wilson and Robert Murphy of Davies Ward Phillips & Vineberg LLP represented the underwriting syndicate led by RBC Dominion Securities Inc.