O&Y REIT Completes $75M Public Offering

On July 30, 2003, O&Y Real Estate Investment Trust closed a public treasury offering of 6,957,500 limited voting units for gross proceeds of $75.5 million. The offering was completed on a bought deal basis, with an underwriting syndicate led by CIBC World Markets Inc. and including TD Securities Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., Desjardins Securities Inc. and Raymond James Ltd.

The REIT was represented in-house by Randy Northey, senior vice-president, general counsel and secretary, and Elliott Feintuch, associate legal counsel; assisted by Fasken Martineau DuMoulin LLP with a team that included Jonathan Levin, Richard Steinberg, Georges Dubé, Aaron Atkinson and Geoff Clarke (corporate and securities) and Mitchell Thaw (tax). The underwriting syndicate was represented by Torys LLP, with a team that included Patricia Koval, Christopher Fowles and John Toffoletto (corporate and securities) and Lucia ten Kortenaar (tax).