Citibank Canada Closes Second Tranche of Notes

On May 2, 2002, Citibank Canada closed the second tranche of the Citibank Canada GPR Hedge Fund notes, which raised a total of approximately $43 million. The notes are administered by Triax Advanced Strategies Inc. and the investment manager is Mesirow Advanced Strategies Inc.
McMillan Binch acted for Citibank and Triax, with a team comprised of Margaret McNee, Gary Ostoich, David Wentzell, Kim Poster, Nicole Frew and Tony Wonnacott. McCarthy T├ętrault LLP acted for the agents offering the notes, with a team that included Christopher Hoffmann, Ronald Schwass and Andrew Armstrong (business) and James Morand (tax).