Markland Street Asset Management Inc. and AGF Funds Inc.: Oil Sands Sector Fund Closes Initial Public Offering At $400 Million.TORONTO -- Markland Street Asset Management Inc. ("Markland") is pleased to announce that Oil Sands Sector Fund (the "Fund") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :OSF See Open Group. OSF - Open Software Foundation .UN) has completed its initial public offering. At closing, the Fund issued 40,000,000 units at $10.00 per unit, for gross proceeds of $400 million, in cash and exchange eligible securities. The Fund has granted the agents an over-allotment option to acquire up to a maximum of 15% of the issue, which is exercisable at any time during the next 30 days. The Fund's units commenced trading today on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol OSF.UN. The offering was made through a syndicate of investment dealers, co-led by RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
 This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Berkshire Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Securities (Canada) Inc., Desjardins Securities Inc., Raymond James Ltd., Research Capital Corporation, Blackmont Capital Inc. and Wellington West Capital Inc. The Fund has been created to provide investors with exposure to the returns of a portfolio of equity securities of issuers participating in the Canadian oil sands sector. The Fund's investment objectives are to provide long term capital appreciation for holders of the units as well as a stable stream of quarterly cash distributions initially targeted to be $0.125 per Unit ($0.50 per Unit per annum or 5.0% per annum on the original issue price of $10.00 per Unit). The initial distribution is scheduled to be payable to unitholders of record on June 30, 2006. Markland, a Canadian financial services firm, is responsible for the management of the Fund. Markland was co-founded by Desana Capital Partners Inc. and Portland Holdings Inc. AGF Funds Inc. ("AGF") has been retained as the investment advisor to provide investment advisory and portfolio management services for the Fund. Founded in 1957, AGF manages approximately $ 37 billion for institutional and retail investors, with investment management expertise located in Toronto, Dublin and Singapore. For further information please contact your financial advisor or visit our website at http://www.marklandstreet.com |
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