Clean Power Income Fund Completes Public Offering

On June 29, 2004 Clean Power Income Fund completed a public offering of an aggregate principal amount of $55 million of 6.75 per cent convertible unsecured subordinated debentures due December 31, 2010. The debentures are listed on the Toronto Stock Exchange, and are convertible into units of the fund.

Clean Power Income Fund was represented by McCarthy Tétrault, with a team that included David Lever (corporate), Chris Hoffmann, Peter Goode, Martha Hundert, Caroline Jageman and Keith Lau (corporate/securities), Jim Archer (banking) and Jim Morand (tax).

The underwriters—Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc. and RBC Dominion Securities Inc.—were represented by Blake, Cassels & Graydon, with a team that included Jeff Lloyd, Brendan Reay and John Bursic (securities) and Jeffrey Trossman and Leslie Morgan (tax).