The Maritime Life Completes $100M Public Offering

The Maritime Life Assurance Company completed a $100 million public offering of 6.10 per cent non-cumulative redeemable second preferred shares, series 3 in December 13, 2002. The offering, which was effected by way of a bought deal, was underwritten by a syndicate led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and including RBC Dominion Securities Inc., Scotia Capital Inc., National Bank Financial Inc. and TD Securities Inc.

Maritime Life was represented by in-house counsel Heather Hannon, and Goodmans LLP with a team that included Jeffrey Singer, Meredith Roth and Dennis Lopes (securities) and Maureen Berry (tax). The underwriters were represented by Stewart McKelvey Stirling Scales, with a team that included Blois Colpitts and Marc Belliveau.