Sentry Select Blue-Chip Income Trust Completes $135M Offering

On April 12, 2001, investment trust Sentry Select Blue-Chip Income Trust completed an offering of 5.4 million trust units at $25 each for gross proceeds of $135 million. In addition, the agents have an over-allotment option of up to 810,000 additional trust units for potential additional gross proceeds of $20.25 million.

Borden Ladner Gervais LLP acted for the trust with a team that included Paul Findlay, Michael DeCosimo, Daniel Westreich (securities/corporate), Carol Derk and Karen Koszo (forward and securities lending) and Stephen Fyfe, Larissa Tkachenko and Heather Cormier (tax). Blake, Cassels & Graydon LLP acted for the agents National Bank Financial Inc., CIBC World Markets Inc., Canaccord Capital Corporation, Dundee Securities Corporation, Raymond James Ltd., Desjardins Securities Inc., Research Capital Corporation and Yorkton Securities Inc. with a team that included Jeff Glass, David Valentine, Stephen Ashbourne and Anoop Dogra (securities/corporate) and Ron Richler (tax).