Dream Impact Trust completes C$40 million impact debenture offering

On June 9, 2022, Dream Impact Trust (“Dream Impact”) announced the closing of a previously announced public offering of C$40 million aggregate principal amount of 5.75% convertible impact unsecured subordinated debentures due December 31, 2027, at a price of C$1,000 per debenture.

The debentures were sold to a syndicate of underwriters led by TD Securities Inc. and Scotiabank on a bought deal basis.

The net proceeds from the offering are intended to be used for expenditures associated with eligible impact investments in accordance with the Dream Impact’s Impact Financing Framework, released in 2021, as amended on May 30, 2022.

Further information can be found on Business Wire’s website.

Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive market returns.