Calloway Reit Completes Equity Offering

On April 21, 2011, Calloway Real Estate Investment Trust (the “REIT”) completed a public offering of 4,600,000 trust units.

The offering involved a syndicate of underwriters led by CIBC and included RBC Capital Markets, BMO Capital Markets, TD Securities Inc., Scotia Capital Inc., Desjardins Securities Inc., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd. and HSBC Securities (Canada) Inc.

The net proceeds of the offering were used by the REIT, in part, to repay outstanding and maturing indebtedness, and the balance for future acquisition opportunities as well as general trust purposes.

The REIT was represented by Joe Brennan and Danielle Simpson (Securities) and Matt Clark (tax) of Shea Nerland Calnan LLP.

The underwriters were represented by Graham Gow, Andrew Parker and Matthew Appleby (business law) and James Morand (tax) of McCarthy Tétrault LLP.


Andrew C. Parker Graham P.C. Gow Matt Clark James G. Morand Matthew Appleby Joe D. Brennan