Premier Value Income Trust Completes $229M IPO

On February 15, 2005, Premier Value Income Trust (the Trust), an investment trust, completed its initial public offering of 22 million units at $10 per unit for aggregate gross proceeds of $220 million. On February 25, 2005, the agents for the offering exercised their over-allotment option in respect of 900,000 units of the Trust for additional gross proceeds of $9 million.
The net proceeds of the offering were used to invest in a diversified portfolio of securities consisting of units of commercial and industrial income trusts, real estate investment trusts, oil and gas royalty trusts and income trusts.

RBC Dominion Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc. co-led the offering, with a syndicate that included BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corp., HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Dundee Securities Corp., First Associates Investments Inc., Desjardins Securities Inc., Richardson Partners Financial Ltd. and Wellington West Capital Inc. (collectively, the agents).

The Trust and Sentry Select Capital Corp., the manager of the Trust, were represented by Borden Ladner Gervais LLP with a team that included Paul Findlay, Michael DeCosimo and Andrew Peel (securities/corporate) and Stephen Fyfe and Stephanie Wong (tax).

The agents were represented by Blake, Cassels & Graydon LLP with a team that included Jeff Glass, Anoop Dogra and Michael Bunn (securities/corporate) and Ron Richler (tax).


Anoop Dogra Stephen J. Fyfe Andrew L. Peel Michael C. DeCosimo Jeff Glass Michael Bunn Stephanie A. Wong Paul G. Findlay