Marret High Yield Strategies Fund Completes $215 Million IPO

On June 17, 2009, Marret High Yield Strategies Fund completed its initial public offering of 21,500,000 units at $10 per unit, raising gross proceeds of $215 million ($227.3 million, including the exercise of the over-allotment option on June 30, 2009).

The syndicate of agents was led by RBC Dominion Securities Inc. and included GMP Securities L.P., CIBC World Markets Inc., Scotia Capital Inc., Dundee Securities Corporation, Canaccord Capital Corporation, Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Wellington West Capital Markets Inc. and Research Capital Corporation.

Marret High Yield Strategies Fund and its manager, Marret Asset Management Inc., were represented by McMillan LLP, with a team that included Margaret McNee and Stephen Genttner (securities), Michael Friedman (tax) and Shahen Mirakian (derivatives).

The agents were represented by Stikeman Elliott LLP, with a team that included Philip Henderson and Sarah Horan (securities) and John Lorito and Trevor McGowan (tax).


Sarah Bialas Philip J. Henderson Michael Friedman Shahen Mirakian Stephen Genttner John G. Lorito Margaret C. McNee Trevor McGowan