Premier Value Income Trust completes $229 million initial public offering   

Date Closed: 2/15/2005

Value: $229 million

On February 15, 2005, Premier Value Income Trust (the Trust), an investment trust, completed its initial public offering of 22 million units at $10 per unit for aggregate gross proceeds of $220 million. On February 25, 2005, the agents for the offering exercised their over-allotment option in respect of 900,000 units of the Trust for additional gross proceeds of $9 million.

The Trust and Sentry Select Capital Corp., the manager of the Trust, were represented by BLG with a team that included Paul Findlay, Michael DeCosimo and Andrew Peel (securities/corporate) and Stephen Fyfe and Stephanie Wong (tax).