Transactions & Cases Detail



Transaction/Case Details

Moneda LatAm Fixed Income Fund completes C$66 million follow-on offering

DATE CLOSED

February 6, 2013

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Toronto

VALUE

66 Million CAD


OVERVIEW

On February 6, 2013, Scotia Managed Companies Administration Inc. announced that Moneda LatAm Fixed Income Fund (the "Fund") had completed a follow-on public offering (the "Offering") of 5.7 million Class A Units and 529,055 Class U Units (collectively, the "Units") of the Fund at a price of C$10.61 per Class A Unit and US$10.58 per Class U Unit for gross proceeds of C$60,477,000 and US$5,597,401.90 respectively. The Fund granted the Agents (as defined below) an over-allotment option to offer up an additional 855,000 Class A Units on the same terms exercisable in whole or in part at any time during the thirty days following February 6, 2013.

The Class A Units of the Fund are listed and posted for trading under the symbol "MLF.UN". Class U Units are not be listed but may be converted into Class A Units on a weekly basis for liquidity purposes. The Class U Units are designed for investors wishing to make their investment in U.S. dollars.

The syndicate of agents for the Offering was co-led by Scotiabank, CIBC and RBC Capital Markets and included BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Burgeonvest Bick Securities Limited, Dundee Securities Ltd. and Manulife Securities Incorporated (the "Agents").

The Fund is a closed-end investment fund established as a trust under the laws of the Province of Ontario.

McCarthy Tétrault LLP represented Scotiabank, the lead agent on behalf of a syndicate of agents, with a team led by Andrew Armstrong.

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