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Colabor Income Fund completes US$57.8 million IPO

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National Bank Financial and Canaccord Capital

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.



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