Date Closed

April 11, 2006

Lead Office

Toronto

Value

373.00 Million CAD

On April 11, 2006, Real Estate Asset Liquidity Trust, as issuer, and RBC Dominion Securities Inc., as sole underwriter, closed a C$372,954,000 public CMBS securitization transaction. The commercial mortgage pass-through certificates issued by Real Estate Asset Liquidity Trust were backed by a diverse pool of 80 commercial mortgages originated by Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company.

McCarthy Tétrault LLP represented Real Estate Asset Liquidity Trust with a team led by Marc MacMullin.