Sentry Select Diversified Income Trust completed, a rights offering of approximately 18,475,009 units at $4 per unit for gross proceeds of $74 million. The deal closed on September 20, 2002. Rights were distributed to eligible holders of units of the trust of record on August 12, 2002, and three rights were required to subscribe for one unit of the trust. The rights were listed for trading on the TSE and expired on September 16, 2002. National Bank Financial Inc. acted as dealer manager for the offering.
Borden Ladner Gervais LLP acted for the trust, with a team that included Ed Merringer, Luana DiCandia and Michael De Cosimo (securities/corporate) and Stephen Fyfe and Kevin Fritz (tax). Blake, Cassels & Graydon LLP acted for National Bank Financial, with a team that included Jeff Glass and Robyn Keinick (securities/corporate) and Ron Richler (tax).