Livingston International Income Fund completes $150 million IPO of trust units

On February 11, 2002, Livingston International Income Fund completed its initial public offering of $151,026,000 of trust units. The proceeds from the offering were used to purchase all of the outstanding securities of Livingston International Inc., Canada's leading customs brokerage company and trade-related service provider. The underwriters for the offering were led by Scotia Capital Inc.

The underwriters were represented by a team from Fasken Martineau's Toronto office that included Joel Binder, Bruce Blain, Sean Stevens, and Chris Bent (corporate) and Nigel Johnston (tax).