CBC Monetization Trust Completes $135.7M Offering and the Purchase of Assets from CBC

On December 23, 2009, CBC Monetization Trust completed the offering of $135,700,000 4.688 per cent Amortizing Notes due 2027. CBC Monetization Trust was established as a trust to acquire interests in certain promissory notes, property leases and related security from the Canadian Broadcasting Corporation (CBC). Upon completion of the offering, the proceeds of the offering were used by CBC Monetization Trust to acquire such assets from CBC. The offering was made in each of the provinces of Canada through RBC Dominion Securities Inc., as agent.

CBC was represented in-house by Francois-Thomas Lachaîne, Legal Counsel. Davies Ward Phillips & Vineberg LLP acted as external counsel to CBC and CBC Monetization Trust with a team that included Carol Pennycook, Brooke Jamison, Joshua Kuretzky and Michael Clifford (corporate and securities); Stephen Ruby (tax) and Jeffrey Lem (commercial real estate).

RBC Dominion Securities Inc. was represented by a team from McCarthy Tétrault LLP that included Marc MacMullin, Michael McConnell and Laura Hage (corporate and securities); James Morand (tax) and Gordon Sato (commercial real estate).