By Devika Patel
Knoxville, Tenn., June 25 - Armtec Infrastructure Income Fund said it will raise about C$37.5 million in a private placement of units.
The company will sell fund units at C$24.15 apiece on a bought-deal basis.
Scotia Capital Inc. and TD Securities Inc. are the agents.
Proceeds will be used to finance potential acquisitions, for general business purposes and debt repayment.
Guelph, Ont.-based Armtec is an open-ended, limited purpose trust.
| Issuer: | Armtec Infrastructure Income Fund
|
| Issue: | Fund units
|
| Amount: | C$37.5 million (approximate)
|
| Price: | C$24.15
|
| Warrants: | No
|
| Agents: | Scotia Capital Inc., TD Securities Inc.
|
| Pricing date: | June 25
|
| Stock symbol: | Toronto: ARF.UN
|
| Stock price: | C$25.20 at close June 25
|
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