Dundee REIT Completes Bought Deal Offering

On June 21, 2004, Dundee REIT completed a $75 million bought deal offering of 6.5 per cent convertible unsecured subordinate debentures with an $11.25 million green shoe. The underwriting syndicate was co-led by TD Securities Inc. and Scotia Capital Inc., and included CIBC World Markets Inc., Dundee Securities Corp., BMO Nesbitt Burns Inc., National Bank Financial Inc., Trilon Securities Corp. and HSBC Securities (Canada) Inc.

Dundee REIT’s legal team was led by Jane Gavan, executive vice-president, and included an Osler, Hoskin & Harcourt team comprised of George Valentini and Jack Cook (real estate), Doug Marshall, Desmond Lee and Pei-Ching Huang (corporate) and Jack Silverson (tax).

The underwriters were represented by Torys, with a team that included Simon Knowling, Karen Burke, Don MacInnis and Michael Fortier (corporate), Corrado Cardarelli, Lucia ten Kortenaar and Catrina Card (tax) and Dennis Mahony (environmental) in Toronto, and Darren Baccus in New York.