On April 23, 2008, Colabor Income Fund (TSX:CLB.UN) announced that it had successfully completed its previously-announced offering of 3,830,000 subscription receipts at a price of $10.45 per subscription receipt for gross proceeds of $40,023,500. The net proceeds from the offering, being approximately $38 million, will be used by Colabor Limited Partnership to partially fund the previously-announced acquisition of Gestion Bertrand & Freres Inc. expected to be completed on April 28.

The offering was underwritten on a bought deal basis by a syndicate led by National Bank Financial Inc. and including TD Securities Inc., Canaccord Capital Corporation, Cormark Securities Inc., Raymond James Ltd. and Desjardins Securities Inc.

Colabor is a wholesaler and distributor of food and non-food products serving the retail and food-service markets. Colabor is one of the largest wholesalers in Canada and the largest in Quebec.

The syndicate of underwriters was advised by a team from Fasken Martineau that included, among others, Jean-Pierre Chamberland, Robert Paré, Gabriel Castiglio and Nicolas Morin (corporate/securities); and Gilles Carli and Thomas Copeland (tax).