Sprott Strategic Fixed Income Fund Completes $220 Million IPO

Sprott Strategic Fixed Income Fund completed its initial public offering of 21,000,000 units at $10 per unit, raising gross proceeds of $210,000,000.

On August 5, 2011, the syndicate of agents for the offering exercised its over-allotment option and acquired an additional 1,020,000 units at a price of $10 per unit. In total, the Fund has issued 22,020,000 units for total gross proceeds of $220,200,000.

The syndicate of agents for the offering was led by RBC Capital Markets and included CIBC World Markets Inc., TD Se-curities Inc., BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., GMP Securities L.P., HSBC Securities (Canada) Inc., Wellington West Capital Markets Inc., Desjardins Securities Inc., Mackie Research Capital Corporation, Macquarie Private Wealth Inc., Manulife Securities Incorporated., Raymond James Ltd. and Rothenberg Capital Management Inc.

The Fund and its manager, Sprott Asset Management LP, were represented by Stikeman Elliott LLP, with a team com-prising Darin Renton, Anne Weintrop, Marc-André Wilson, Warren Ng (corporate/securities) and Katy Pitch (tax).

The agents were represented by Wildeboer Dellelce LLP with a team comprising Ronald Schwass, Peter Simeon (cor-porate/securities) and Kevin Fritz (tax).

Lawyer(s)

Marc-André Wilson Ronald R. Schwass Anne Weintrop Katy Pitch Darin R. Renton Kevin F. Fritz Peter E. Simeon