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Canadian Income Securities: A New Path to Liquidity - Dow Jones LBO audio/Web seminar

May-19-2005

Lawyer William (Bill) Gorman, Jon Northup, Stephen Pincus
Area REITs and Income Securities

Details

Canadian Income Securities: A New Path to Liquidity

Thursday, May 19, 2005 | Noon to 1:30 p.m. EST

A number of U.S. companies have debuted on the Toronto Stock Exchange using this structure, which show the potential for private equity investors to look to the Great White North. Are Canadian income securities a reasonable exit option for your holdings?

To explore this emerging trend and answer all your questions, Dow Jones LBO Wire asked experts from the Canadian transaction law firm that pioneered this exit strategy, Goodmans LLP, to co-chair a special 90-minute audio/Web seminar.

Whether or not you're currently seeking to take a business or portfolio of assets public in Canada, or you're just looking for more information about this fast-emerging liquidity option, you cannot miss this 90-minute audio/Web seminar.

It features a panel of experts who've helped structure and execute transactions for most of Canada's cross-border income fund IPOs, including Medical Facilities Corporation, Atlantic Power Corporation, Student Transportation of America Ltd., Keystone North America Inc., and several others.

  • Stephen Pincus, a partner with Goodmans LLP and chair of the firm's REITs and Income Funds Group. He helped structure the first cross-border income trusts and has been involved in most of Canada's cross-border income trust and income security transactions.
  • Kevin Everingham, managing director, Equity Capital Markets Group at BMO Nesbitt Burns Inc. He has worked on over five cross-border IPOs, including the two most recent IPSs for Student Transportation of America and Keystone North America.
  • Jon Northup, a tax lawyer at Goodmans LLP who played a key role in developing the cross-border income security structure.
  • Bill Gorman, a securities lawyer at Goodmans LLP who represented Atlantic Power Corporation in its $320 million IPO of income participating securities.
  • Michael Salter, chief financial officer of Medical Facilities Corporation, who was integrally involved in the first IPO of income participating securities.

This interactive audio/Web seminar was designed to give you a clear understanding of:

  • What income securities are and the factors that made them possible
  • Why income securities may be your best path to liquidity
  • The pros and cons of a cross-border income security
  • What's different about going public in Canada
  • Process and Timeline - What is the critical path to execution?
  • Possible structures and their respective attributes
  • U.S. and Canadian tax considerations
  • The accounting and securities issues you must know about and address
  • What are a sponsor's rights and obligations under this structure?
  • Key success factors - what makes a successful IPO