REALnorth Opportunities Fund
|$14.7 Million CAD(2)
The IPO was 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 gross proceeds from the IPO were used to purchase units in the Master Partnership. The Master Partnership then used these funds, net of certain expenses, for indirect investment in suitable investment and development properties in Western Canada’s North.
For a further summary of the intended use of proceeds, please refer to the Prospectus.
REALnorth Opportunities Master Limited Partnership ("Master Partnership")
The Master Partnership was established, among other things, to:
(a) issue Master Partnership units and acquire Investments Limited Partnership units and Developments Limited Partnership units; and
(b) temporarily hold cash and investments for the purposes of paying the expenses and liabilities of the Master Partnership and making distributions to the holders of the Master Partnership units.
REALnorth Opportunities (Investments) Limited Partnership ("Investments Limited Partnership")
Engaged in identifying investment opportunities in revenue-producing real estate located in Western Canada's North.
REALnorth Opportunities (Developments) Limited Partnership ("Developments Limited Partnership")
Engaged in identifying investment opportunities in developing revenue producing real estate located in Western Canada's North.