Fasken Martineau DuMoulin acted for R Split Corporation and a syndication of underwriters led by Scotia Capital Inc. in connection with the $170 million offering of Capital Shares and Preferred Shares of R Split Corporation. The transaction closed December 16, 1999. The Corporation used the proceeds to invest in common shares of Royal Bank of Canada. Holders of the Preferred Shares are entitled to receive a fixed dividend and Capital Shares holders an entitlement to receive any remaining capital appreciation generated by the investment in Royal Bank shares. Joel E. Binder and Scott K. Wallace provided the securities advice and Nigel P.J. Johnston advised on taxation issues.