Canso Select Opportunities Fund Announces Closing of Over-Allotment
Lysander Funds Limited announced that the syndicate of agents for the initial public offering of Canso Select Opportunities Fund has exercised its over-allotment option and acquired an additional 235,000 Class A Units at a price of $10.00 per Class A Unit. In total, the Fund issued 8,445,844 Class A units and 789,156 Class F units at a price of $10.00 per Unit for aggregate gross proceeds of $92,350,000. The Class A Units of the Fund are listed on the Toronto Stock Exchange under the symbol SCW.UN. The Class F units are designed for fee-based and/or institutional accounts and will not be listed on a stock exchange, but are convertible into Class A units on a monthly basis. The syndicate of agents for the offering was led by RBC Capital Markets and includes CIBC, Scotiabank, GMP Securities L.P., BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., Macquarie Private Wealth Inc. and Raymond James Ltd.
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