A&B Acts in Formation of Skyline Mortgage Investment Trust and Financing of up to $13 Million
Aird & Berlis acted for Skyline Enterprises Management Inc. (“Skyline”) in the formation of Skyline Mortgage Investment Trust (“SMIT”) and the private placement offering of units for gross proceeds of up to $13 million (the “Offering”). The Offering is being conducted by way of a confidential offering memorandum and is expected to close in stages by August 31, 2018.
SMIT was formed by declaration of trust on February 23, 2018, as an unincorporated open-end investment trust, and has identified an initial portfolio of five mortgages across Alberta, British Columbia and New Brunswick to be purchased as funds are available from the Offering. SMIT aims to provide unitholders with stable and growing cash distributions from its indirect investment in a diversified portfolio of mortgages, while maximizing unit value through ongoing management of its assets.
The Aird & Berlis team representing Skyline was led by Margaret Nelligan and included Anne Miatello, Amy Marcen-Gaudaur (Capital Markets), Barbara Worndl, Neil Bass and Carol Burns (Tax).
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With over 30 years of experience as a corporate and securities lawyer, Margaret provides reliable and incisive advice clients can use with confidence.
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Amy is a partner with the firm's Capital Markets, Mergers & Acquisitions and Venture Finance Groups.
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Clients appreciate Barbara’s dedication to finding the most tax efficient structures for their business. She thrives on the complexities of tax ...
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Neil is a highly acclaimed and widely respected tax lawyer.
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Carol takes a thorough and well-researched approach to providing clients tax advice that is tailored to their specific situation and needs.
