Page ContentScott's REIT completes $50 million initial public offering Date Closed: 10/06/2005Value: $50 millionOn October 6, 2005, Scott’s Real Estate Investment Trust (Scott’s REIT) completed a $50 million initial public offering of its units and entered into a $65 million mortgage loan to acquire 190 retail properties from Scott’s Restaurants Inc. and Yum! Brands Canada Management LP. The underwriting syndicate on the initial public offering was led by BMO Nesbitt Burns Inc. and included CIBC World Markets Inc., Genuity Capital Markets, RBC Dominion Securities Inc., Desjardins Securities Inc. and Canaccord Capital Corp. The mortgage loan was made through Computershare Trust Company of Canada. Scott’s REIT was represented by special tax counsel Stephen Fyfe, Francesco Gucciardo (tax) and Jim Elder (corporate) of BLG.