We recently assisted REALnorth Opportunities Fund (“REALnorth”) in completing its initial public offering (IPO) (the “Offering”) comprised 10,623 trust units at $1,000 per trust unit for gross proceeds of $10,623,000. The Offering was completed on a best efforts basis by a syndicate of agents co-led by Dundee Securities Ltd. and Scotia Capital Inc. and including BMO Nesbitt Burns Inc., Canaccord Genuity Corp., GMP Securities L.P., National Bank Financial Inc., Burgeonvest Bick Securities Ltd., Raymond James Ltd. and Integral Wealth Securities Limited. The proceeds from the first closing of the Offering will be used to purchase units in REALnorth Opportunities Master Limited Partnership (the “Master Partnership”). The Master Partnership will use such funds, net of certain expenses of the Offering, for indirect investments in suitable investment and development properties in Western Canada’s north. Please refer to the final prospectus of REALnorth dated December 22, 2014.
For more information regarding real estate syndications, REITs and public offerings, please contact James Speakman, Vikram Dhir, Shauna Towriss and Craig Rollins who represented REALnorth in this initial public offering.