Brand Leaders Income Fund completes C$30 million initial public offering

Date Closed: 7/19/2011

Value: C$30 million

On July 19, 2011, Brand Leaders Income Fund (the Fund) completed an initial public offering of 2,500,000 units of the Fund (Units) at a price of $12.00 per Unit for gross proceeds of $30,000,000. The Agents exercised their over-allotment option on August 3, 2011 to purchase an additional 101,378 Units. The exercise of the over-allotment option brought the aggregate gross proceeds of the public offering to $31,216,536. The Units now trade on the Toronto Stock Exchange under the symbol HBL.UN.

The offering was made through a syndicate of agents co-led by BMO Capital Markets and CIBC, and includes RBC Capital Markets, Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Dundee Securities Ltd., GMP Securities L.P., Raymond James Ltd., Wellington West Capital Markets Inc., Desjardins Securities Inc., Industrial Alliance Securities Inc. and Macquarie Private Wealth Inc. (collectively, the Agents).

The Fund and the manager of the Fund, Harvest Portfolios Group Inc. were represented by BLG with a team that included Michael DeCosimo and Mark Lau (corporate and securities) and Stephen Fyfe and Pierre Letourneau (tax).