MINT Income Fund raises $27.4 million in rights offering
Client
MINT Income Fund and Middlefield Fund Management Limited
On January 5, 2009, MINT Income Fund (TSX: MID.UN) closed the offering of Rights to its unitholders raising gross proceeds of $27,423,851 (4,219,054 Units). Unitholders of record on November 24, 2008 received one Right for each MINT Unit held. Three Rights entitled the holder to purchase one MINT Unit at a price of $6.50 until 4:00 p.m. (Toronto time) on December 19, 2008. The directors and officers of the Manager exercised all their Rights to acquire MINT Units under the basic subscription privilege.
Fasken Martineau advised MINT Income Fund and its manager, Middlefield Fund Management Limited, in this transaction with a team that included Stephen Erlichman, John Sabetti and Adam Inglis (securities) and Mitchell Thaw (tax).
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