Date Closed

May 17, 2013

Lead Office

Toronto

Value

32.00 Million CAD

On May 17, 2013, Scotia Managed Companies Administration Inc. announced that Moneda LatAm Growth Fund (the Fund) completed an initial public offering (the Offering) of 3.2 million Class A Units of the Fund at a price of C$10.00 per Class A Unit for gross proceeds of C$32 million. The Fund has granted the Agents (as defined below) an over-allotment option to offer up to 15% additional Class A Units on the same terms exercisable in whole or in part at any time during the thirty days following closing. The Class A Units of the Fund are listed and posted for trading under the symbol MLE.UN.

The Fund is a closed-end investment fund established as a trust under the laws of the Province of Ontario. The Fund's investment objectives are to: (i) provide holders of Units ("Unitholders") with the opportunity for capital appreciation; and (ii) provide Unitholders with stable quarterly distributions, in each case by investing in a diversified portfolio primarily consisting of publicly-listed equity securities, and including up to 20% in fixed income securities, of companies in Latin America.

The syndicate of agents for the Offering was co-led by Scotiabank, CIBC and RBC Capital Markets and includes 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").

McCarthy Tétrault LLP represented Scotia Capital and the syndicate of agents, with a team led by Andrew Armstrong.