Proceeds to boost Tier 1 Capital
The sale of units of Mavrix Explore 2008-II FT Limited Partnership raised total gross proceeds of $12.5 million.Mavrix Fund Management Inc., the manager and portfolio advisor, announced the final closing of the LP on Thursday.The LP will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in Canada.The […]
Equity issuance down 24% from a year ago
Units now trading on TSX
Industrial Alliance Insurance and Financial Services Inc. has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc. to buy $100 million of preferred shares, the Quebec City-based insurer announced Monday.The underwriters have agreed to buy, on a bought deal basis, 4 million Non-Cumulative 5-Year Rate Reset Class A Preferred Shares […]
A final prospectus for the initial public offering of the O’Leary Global Infrastructure Fund has been filed with Canadian securities regulatory authorities, Gencap Funds LP reported Wednesday.The $100 million offering is expected to close on or about Nov. 14.Gencap says the fund will permit investors to capitalize on the knowledge and capabilities of portfolio advisor […]
EdgePoint Investment Group Inc., the manager of Cymbria Corp., announced Tuesday that Cymbria has completed an initial public offering of 13 million non-redeemable class A shares at a price of $10 a share.Cymbria has also closed a private placement of 9,182,461 non-redeemable class J shares, at a price of $10.00 a share. The aggregate gross […]
Deal flow the slowest since the second quarter of 2003
Royal Bank of Canada today announced a domestic public offering of $200 million of Non-Cumulative, 5 year rate reset Preferred Shares Series AL.The bank will issue eight million Preferred Shares Series AL priced at $25 per share and holders will be entitled to receive non-cumulative quarterly fixed dividend for the initial period ending Feb. 24, […]
Move to a bank holding company has led to confidence in the long-standing institution