Schooner Trust Completes $375M Offering

Schooner Trust completed its seventh public offering of commercial mortgage-backed securities on April 27, 2005. The total issue was approximately $375 million. The pass-through certificates were backed by a diverse pool of 94 commercial mortgages originated by the Toronto-Dominion Bank and First National Financial Corp. TD Securities Inc. acted as the sole underwriter.

Schooner Trust and TD Securities were represented by McCarthy Tétrault LLP with a team that included Marc MacMullin, Simon Fitzpatrick, Dean Masse, Lynn Parsons and Jim Morand (tax).

The Toronto Dominion Bank and First National Financial were represented by Fogler, Rubinoff LLP with a team that included Melvyn Rubinoff, Q.C., Howard Rubinoff, Judith Hong Wilkin and Joy Avzar.