On January 8, 2008, Rainmaker Income Fund announced that its subsidiary Rainmaker Entertainment Inc. completed the sale to Deluxe Vancouver Ltd., a subsidiary of Deluxe Entertainment Services Group Inc., of the net assets of Rainmaker's post production and visual effects operations in Vancouver, British Columbia and the shares of Rainmaker Animation and Visual Effects UK Limited, Rainmaker's visual effects operation in London, England.
The Fund is an unincorporated open-ended limited purpose trust located in Vancouver, British Columbia. The Fund indirectly owns 100% of Rainmaker Entertainment Inc. ("REI"), EP Canada Limited Partnership ("EP") and Canada Film Capital Limited Partnership ("CFC"). REI is an award-winning computer generated animation company with a 28 year history providing superior service, innovative technology and world-class talent to design, build and shape content for feature films, television, direct to DVD, games and commercials. EP is a leading provider of payroll services for the film and television industry across Canada. CFC provides tax credit administration services and financing of tax credits through factoring for film and television productions across Canada.
Rainmaker Entertainment was advised in this sale by a team from Fasken Martineau led by Iain Mant, and including Frank Schober, Lorene Novakowksi, Andrew Jackson, Tony Baldanza, Mitch McCormick, Amanda MacAdams, David Martin and Kate Seniowski.