Canso Credit Income Fund
$200,000,000.00
20,000,000.00 Units at $10.00
Initial Public Offering - Closed - Friday, July 16, 2010
Company Description
Canso Credit Income Fund is a closed-end investment fund which manages a wide range of credit portfolios ranging from investment grade to distressed debt. With over $4.0 billion in assets under management, Canso’s clients include corporations, insurance companies, public sector entities, endowments, pension funds, investment funds and high net worth private clients. The Portfolio will be actively managed by Canso. Canso is a leading Canadian corporate bond specialist and credit manager.
| Address: |
100 York Blvd., Ste 550 Richmond Hill, Ontario, L4B 1J8 Canada |
|---|---|
| Phone Number: | 905 881-8853 |
| Fax Number: | 905 881-1466 |
| Website: |
| Industry: | Structured Products |
|---|---|
| Closing Date: | Friday, July 16, 2010 |
| 1st Day of Trading: | Friday, July 16, 2010 |
| Primary Symbol: | PBY |
| Exchange: | TSX |
Proceeds
The net proceeds of the offering will be used to prepay the purchase price under the forward agreement with the Counterparty.
| Gross Proceeds: | $200,000,000.00 |
|---|---|
| Underwrting Fees: | $10,500,000.00 |
| Expense Offering: | $525,000.00 |
| Net Proceeds: | $188,975,000.00 |
| Lead Underwriter: | RBC Dominion Securities Inc. |
|---|---|
| Other Underwriter(s): |
CIBC World Markets Inc. BMO Nesbitt Burns Inc. Scotia Capital Inc. National Bank Financial Inc. HSBC Securities (Canada) Inc. GMP Securities Ltd. Dundee Securities Corporation Raymond James Ltd. Wellington West Capital Inc. Canaccord Genuity Corp. Macquarie Capital Markets Canada Ltd. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | |||||
| Post IPO Performance | 0.00 % |
The content of this page is transmitted strictly for informational purposes. Investments must be selected in accordance with the investor's respective objectives. Desjardins Online Brokerage does not issue any recommendations or endorsements concerning any particular product, its potential value or appropriateness, or any specific strategy. It is highly recommended to read the prospectus before making any type of investment.