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Client Work

ACTIVEnergy Income Fund closes rights offering raising US$37 million

Fasken
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Overview

Client

ACTIVEnergy

On December 8, 2011, ACTIVEnergy Income Fund ("ACTIVEnergy") announced the closing of a rights offering raising gross proceeds of $37,143,099, being the maximum permitted under the offering. Unitholders of ACTIVEnergy received one right for each unit held and were entitled to purchase one unit of ACTIVEnergy in exchange for three rights and a subscription price of $7.25. ACTIVEnergy was advised by Fasken Martineau with a team led by Stephen Erlichman, John Sabetti, Daniel Fuke, Will Shaw (Securities) and Mitchell Thaw (Tax).

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