Stephen Pincus quoted in "Foreign assets and Canadian investors a match made in heaven", National Post
|Area||REITs and Income Securities|
Excerpt from "Foreign assets and Canadian investors a match made in heaven", by Barry Critchley:
For more than a decade, Stephen Pincus, chair of REITs and income securities practice at Goodmans, has been at the forefront of developing structures for cross-border initial public offerings - a growth business in Canada, given the efficiency of the capital markets and the desire of local investors for yield.
And, given the development of a slew of different structures and despite the massive size of some prospectuses - a recent deal for WPT Industrial REIT ran to 380 pages - Pincus argues the structures are getting simpler.
"The interesting theme from a structuring perspective is the drive to simplicity," said Pincus, noting that with the early-days of such offerings, "there were pages and pages of charts and boxes and arrows. They were very complicated beasts."
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