On May 17, 2004, Acuity All Cap & Income Trust (the Trust), an investment trust, completed an initial public offering of 7,500,000 trust units at $10 per trust unit for gross proceeds of $75 million. On June 10, 2004, the agents for the offering exercised the over-allotment option in respect of 616,234 trust units for additional gross proceeds to the Trust of $6,162,340. The Trust’s investment objectives are: (i) to provide holders of units with monthly distributions; (ii) to preserve capital throughout the life of the Trust; and (iii) to enhance the long-term total return within the portfolio of the Trust. The portfolio of the Trust consists primarily of units of income funds and common shares across a broad range of market capitalizations.
The offering was made through a syndicate of agents, co-led by CIBC World Markets Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., and included National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., First Associates Investments Inc., Canaccord Capital Corp., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Corp. and Wellington West Capital Inc.
The Trust and Acuity Funds Ltd., the manager of the Trust, were represented by Borden Ladner Gervais, with a team that included Lynn McGrade, Michael DeCosimo and Sarah Gardiner (securities/corporate) and Stephen Fyfe and Stephanie Wong (tax).
The agents were represented by Blake, Cassels & Graydon, with a team that included Jeff Glass and Anoop Dogra (securities/corporate) and Leslie Morgan (tax).
The offering was made through a syndicate of agents, co-led by CIBC World Markets Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., and included National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., First Associates Investments Inc., Canaccord Capital Corp., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Corp. and Wellington West Capital Inc.
The Trust and Acuity Funds Ltd., the manager of the Trust, were represented by Borden Ladner Gervais, with a team that included Lynn McGrade, Michael DeCosimo and Sarah Gardiner (securities/corporate) and Stephen Fyfe and Stephanie Wong (tax).
The agents were represented by Blake, Cassels & Graydon, with a team that included Jeff Glass and Anoop Dogra (securities/corporate) and Leslie Morgan (tax).
