On March 27, 2008, YieldPlus Income Fund (the “Fund”) announced that under the offering of rights to its unitholders, it had raised gross proceeds of $113,116,132 as a result of the issuance of 12,228,771 units, being the maximum number of units issuable under the rights offering. Unitholders of record on February 22, 2008, received one right for each unit of the Fund held. Three rights entitled the holder to purchase one unit of the Fund at a price of $9.25 until 4:00 p.m. (Toronto time) on March 25, 2008. The rights offering was oversubscribed.
Fasken Martineau DuMoulin LLP advised the Fund and its manager, Middlefield Fund Management Limited, in this transaction, with a team that included Stephen Erlichman, John Sabetti and Scott Mitchell (securities), and Mitchell Thaw (tax).
Fasken Martineau DuMoulin LLP advised the Fund and its manager, Middlefield Fund Management Limited, in this transaction, with a team that included Stephen Erlichman, John Sabetti and Scott Mitchell (securities), and Mitchell Thaw (tax).
