On March 5, 2009, Morneau Sobeco Income Fund (TSX: MSI.UN) announced that it entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. for a public offering, on a bought deal basis, of 6,666,700 trust units at C$8.25 per trust unit, for gross proceeds of C$55,000,275. The fund has also granted to the underwriters an over-allotment option, exercisable for 30 days from the date of closing of the offering, to purchase up to an additional 666,670 trust units at the offering price.
The offering is expected to close on or about March 24, 2009, and is subject to regulatory and stock exchange approvals. The trust units will be offered by way of short form prospectus in each of Canada's provinces and territories.
Further information is found on Morneau Sobeco's website.
Morneau Sobeco Income Fund is a Canadian-owned provider of human resource consulting and outsourcing services.
National Bank Financial is an integrated retail advisory and brokerage services provider with institutional brokerage, investment banking, corporate finance and securities clearing services for third parties. It has more than C$96 billion in assets under management.