Date Closed

March 30, 2022

Lead Office

Toronto

Value

25.00 Million CAD

On March 30, 2022, Middlefield Group, on behalf of Sustainable Real Estate Dividend Fund, completed its initial public offering of 2,500,000 units at a price of C$10.00 per unit for gross proceeds of C$25 million. The units are listed on the Toronto Stock Exchange under the symbol MSRE.UN.

The syndicate of agents was co-led by CIBC Capital Markets and RBC Capital Markets, and included Scotiabank, BMO Capital Markets, Canaccord Genuity Corp., Raymond James Ltd., TD Securities Inc., iA Private Wealth Inc., National Bank Financial Inc., Manulife Securities Incorporated, Echelon Wealth Partners Inc., Hampton Securities Limited, Middlefield Capital Corporation, Richardson Wealth Limited, Research Capital Corporation and Wellington-Altus Private Wealth Inc.

McCarthy Tétrault advised CIBC World Markets Inc. with a team led by Andrew Armstrong that included Michael Eldridge, Paul Santache (Business), Fred Purkey and Gabrielle Richards (Tax).