FMS Capital Trust Completes $54.3 Million Initial Public Offering
FMS Capital Trust (the “Trust”) has completed its initial public offering for total gross proceeds of approximately C$54.2 million of trust units. The Trust was created for the primary purpose of investing in a portfolio of Canadian income-producing self-storage properties with a focus on underserved and overlooked markets.
In connection with the initial public offering, CIBC World Markets Inc. acted as lead agent to the Trust, with a syndicate that included Canaccord Genuity Corp., Desjardins Securities Inc., Richardson Wealth Limited, Wellington-Altus Private Wealth Inc., iA Private Wealth Inc., National Bank Financial Inc. and Raymond James Ltd. (collectively, the “Agents”).
Wildeboer Dellelce LLP acted for the Agents in connection with the initial public offering with a team that consisted of Rebecca Cochrane, Sarah Wahba, Bronwyn Newell (corporate/securities), and Mariam Al-Shikarchy (tax).
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