MDC and Davis + Henderson Complete Follow-On Offering

MDC Corporation and Davis + Henderson Income Fund completed a $200 million public offering in Canada on April 2, 2002. Proceeds from the offering, which follows the fund’s recent $190 million initial public offering, were used by the fund to purchase MDC’s remaining interest in the Davis + Henderson business.

Torys LLP acted for MDC and the fund, with a team that included Jamie Scarlett, Darren Sukonick and Tyler McNamee, and Corrado Cardarelli and Ann Marie McGovern (tax) and Adam Delean, Janie Tremblay and Mel Blair (banking).

John Torrey of Aird & Berlis LLP acted for the lenders. Osler, Hoskin & Harcourt LLP acted for the underwriters, with a team that included Andrew Aziz and Brian Temins, and Jack Silverman (tax).