representative work

Cassels Represents the Underwriters in PROREIT’s $69 Million Bought Deal Financing


On October 6, 2021, PRO Real Estate Investment Trust (“PROREIT”) closed a public offering of 10,074,000 trust units at a price of $6.85 per unit for total gross proceeds of approximately $69 million, which includes the full exercise of the underwriters’ over-allotment option.

The offering was conducted through a syndicate of underwriters including TD Securities Inc. and Scotiabank as joint bookrunners and Canaccord Genuity Corp., collectively as co-lead underwriters, as well as BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., iA Private Wealth Inc., Raymond James Ltd., Haywood Securities Inc., Laurentian Bank Securities Inc. and Leede Jones Gable Inc.

Cassels acted for the underwriters.

RELATED EXPERTISE: Securities | Real Estate & Development | Taxation