Schooner Trust Completes $375M Offering

Schooner Trust completed its seventh public offering of commercial mortgage-backed securities on April 27, 2005. The total issue was approximately $375 million. The pass-through certificates were backed by a diverse pool of 94 commercial mortgages originated by the Toronto-Dominion Bank and First National Financial Corp. TD Securities Inc. acted as the sole underwriter.

Schooner Trust and TD Securities were represented by McCarthy T├ętrault LLP with a team that included Marc MacMullin, Simon Fitzpatrick, Dean Masse, Lynn Parsons and Jim Morand (tax).

The Toronto Dominion Bank and First National Financial were represented by Fogler, Rubinoff LLP with a team that included Melvyn Rubinoff, Q.C., Howard Rubinoff, Judith Hong Wilkin and Joy Avzar.

Lawyer(s)

Joy Avzar Judith Hong Wilkin James G. Morand Lynn Parsons Melvyn P. Rubinoff Dean C. Masse Simon R. Fitzpatrick

Firm(s)

McCarthy Tétrault LLP Fogler, Rubinoff LLP