The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

Canadian High Yield Focus Fund Announces Exercise of Over-Allotment Option

Monday, July 18, 2011

Canadian High Yield Focus Fund Announces Exercise of Over-Allotment Option09:01 EDT Monday, July 18, 2011TORONTO, July 18, 2011 /CNW/ -Canadian High Yield Focus Fund (the "Fund") announces that the Fund's syndicate of agents for its initial public offering has exercised its over-allotment option and acquired an additional 53,693 Units of the Fund.  In total, the Fund issued 3,453,693 Units pursuant to its initial public offering, for gross proceeds of $41,444,316.  The Units are listed on the Toronto Stock Exchange under the symbol CAH.UN.The syndicate of agents for this offering was co-led by BMO Capital Markets, CIBC and RBC Capital Markets, and included GMP Securities L.P., National Bank Financial Inc., TD Securities Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Desjardins Securities Inc., Canaccord Genuity Corp., Dundee Securities Ltd., Macquarie Private Wealth Inc., Raymond James Ltd., Wellington West Capital Markets Inc. and Manulife Securities Incorporated.For further information: Raj Lala, President, Propel Capital at 416-572-2364 or visit www.propelcapital.ca