Date Closed

June 30, 2009

Lead Office

Toronto

Value

75.00 Million CAD

On June 30, 2009, Calloway Real Estate Investment Trust (the “REIT”) completed a public offering of C$75 million principal amount of 7.95% senior unsecured debentures due June 30, 2014. The offering involved a syndicate of agents co-led by RBC Capital Markets and CIBC World Markets Inc. and included BMO Nesbitt Burns Inc., TD Securities Inc. and Scotia Capital Inc.

McCarthy Tétrault LLP advised the underwriters with a team that was led by Graham Gow, and included Matthew Appleby, James Morand, and Andrew Parker.