On June 28, 2005, Colabor Income Fund announced that it had successfully completed its initial public offering of 5,500,000 units at a price of $10.00 per unit for gross proceeds of $55 million. The underwriters subsequently exercised their over-allotment option and purchased 275,000 additional units for proceeds of $2,750,000.

The underwriting syndicate for the offering was co-led by National Bank Financial Inc. and Canaccord Capital Corporation, and included CIBC World Markets Inc., Desjardins Securities Inc. and Sprott Securities Inc.

Colabor is a master distributor of food, food-related and non-food products which it purchases and supplies to wholesale distributors.

The underwriting syndicate was advised by Fasken Martineau with a team led by Robert Paré and including, among others, Gabriel Castiglio.