Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Core IncomePlus Fund completes US$275 million IPO

Reading Time 1 minute read Subscribe



Core IncomePlus Fund

On July 18, 2005, Core IncomePlus Fund, a closed-end investment trust, completed a $275,000,000 initial public offering of units that were listed on the Toronto Stock Exchange at closing. The trust is designed to provide investors with stable monthly distributions and the potential for capital appreciation by investing in an actively managed, broadly diversified portfolio of securities comprised primarily of income trust securities. The initial portfolio is comprised of income trust issuers with an emphasis on large-capitalization business trusts, oil and gas royalty trusts, and real estate investment trusts. The trust is co-advised by Guardian Capital LP and Middlefield Capital Corporation, who are responsible for providing investment advice in relation to the trust's portfolio. The syndicate was led by CIBC World Markets Inc. and RBC Capital Markets and included BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation. Wellington West Capital Inc., Desjardins Securities Inc., Dundee Securities Corporation, First Associates Investments Inc., Raymond James Ltd., Acadian Securities Incorporated, Berkshire Securities Inc., Middlefield Capital Corporation and Research Capital Corporation. Core IncomePlus Fund was represented by Fasken Martineau in Toronto, with a team that included Stephen Erlichman, John Sabetti, Jeffrey Klam and Dan Rankin (corporate/securities) and Mitchell Thaw (tax).



    Receive email updates from our team