On August 26, 2008, CI Investments Inc. announced the launch of Skylon Big Five Barrier Return of Capital Note Securities, Series 1, which offer investors attractive tax-efficient payments and returns linked to the performance of the common shares of the five largest Canadian banks.
The principal-at-risk Note Securities, issued by National Bank of Canada, offer a return linked to the common shares of Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank.
National Bank of Canada was advised in this matter by Fasken Martineau with a team led by Jean-Pierre Chamberland (securities) and that included, among others, Catherine Isabelle (securities) and Thomas Copeland (tax).