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DATA Group Income Fund closes acquisition of Relizon Canada and closes offering of units and debentures for US$141 million

Fasken
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TD Securities and BMO Nesbitt Burns

On August 31, 2006, The DATA Group Income Fund announced that it had completed its previously announced indirect acquisition of the shares of Relizon Canada Inc. The Fund paid a purchase price of approximately $141 million, consisting of $112 million in cash and 2,964,326 units of the Fund. The Fund also announced the closing of its offering of 5,650,000 Units at $9.50 per Unit for gross proceeds of approximately $53.7 million and $35.0 million aggregate principal amount of 6.75% Extendible Convertible Unsecured Subordinated Debentures. The net proceeds of the Offering were used to fund part of the cash portion of the purchase price payable in connection with the indirect acquisition of the shares of Relizon Canada. The Offering was underwritten on a bought deal basis by a syndicate led by TD Securities Inc. and BMO Nesbitt Burns Inc. and including CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc. and Canaccord Capital Corporation. Fasken Martineau advised the lending syndicate in this transaction with a team comprised of Jon Holmstrom, David Johnson and Dave Ferris.

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