U.S. share of global IPO activity drops to 14%
O’Leary Funds Management LP has completed the initial public offering of 10.5 million units for the O’Leary Canadian Income Opportunities Fund, the company announced on Thursday. The units were offered at a price of $12.00 per unit for aggregate gross proceeds of $126 million. The fund has granted the agents an over-allotment option to acquire […]
Units now trading on TSX
Net proceeds earmarked to reduce amounts outstanding under Manulife’s credit facility with Canadian chartered banks
Series 6R Shares to yield 6% annually
The offering, which closes on May 22, will total $100 million
A receipt has been issued by Canadian securities regulators for a prospectus for the initial public offering of One Financial Real Property Development & Income Balanced Offering (2008-1), One Financial said Thursday. The offering consisting of one unit of One Financial Real Property Development Trust (2008-1) and one unit of the One Financial Real Property […]
ETF conversion planned if units trade at a discount to net asset value
Syndicate agents for the initial public offering of the Horizons AlphaPro Gartman Fund have exercised the over-allotment option for an additional 265,000 Class A units of the fund, Jovian Capital Corp. said Wednesday.In total, the fund has issued approximately 5.8 million Class A and Class F units, for gross proceeds of approximately $58 million. The […]
HSBC Bank Canada has completed its $250 million offering of preferred shares, the bank said Wednesday.The 10 million Non-Cumulative 5-Year Rate Reset Class 1 Preferred Shares Series E were issued at a price of $25 a share. The offering was made through a syndicate of underwriters led by HSBC Securities (Canada) Inc. and Scotia Capital […]