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

Yellow Pages Income Fund completes US$381 million public offering

Reading Time 2 minute read Subscribe



Confidential Client

On August 22, 2006, Yellow Pages Income Fund closed a public offering of 25,000,000 fund units and 12,500,000 fund unit purchase warrants, offered under the form of 25,000,000 warranted units, for an aggregate amount of $381,250,000 on a bought deal basis at an offering price of $15.25 per warranted unit. Each warranted unit consists of one fund unit and one-half fund unit purchase warrant. Each full fund unit purchase warrant will entitle the holder to purchase one fund unit at a price of $17.50 per fund unit on or before December 14, 2007. The offering was made pursuant to the short form base shelf prospectus dated May 8, 2006, of Yellow Pages Income Fund and YPG Holdings Inc. and a prospectus supplement dated August 14, 2006 which was filed with the securities regulatory authorities in all provinces and territories of Canada. The net proceeds from the offering were used to repay indebtedness and for general corporate purposes. The offering was underwritten by a syndicate of underwriters led by CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and Scotia Capital Inc. acting as joint-bookrunners. Other syndicate members included National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Desjardins Securities Inc., Dundee Securities Corporation, Canaccord Capital Corporation, UBS Securities Canada Inc., Blackmont Capital Inc., Westwind Partners Inc. and Genuity Capital Markets G.P. The dealers were represented by Fasken Martineau, with a team that included Robert Paré, Gilles Leclerc, Peter Villani, Gilles Carli and Catherine Isabelle (corporate/securities) and Thomas Copeland (tax).



    Receive email updates from our team