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TORONTO, Feb. 4, 2016 /CNW/ - Purpose Investments Inc. ("Purpose"), on behalf of the Investment Grade Managed Duration Income Fund (the "Fund"), announces that the Fund has completed its treasury offering (the "Offering") of Class A2 Units and Class T Units, for gross proceeds of approximately $6.8 million. The Fund has granted the agents for the Offering an over-allotment option to purchase additional Class T Units in an amount up to 15% of the aggregate number of Class T Units issued in connection with the Offering at $9.60 per unit exercisable at any time during the next thirty days.
The syndicate of agents for the Offering was led by National Bank Financial Inc., and included BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Desjardins Securities Inc., Manulife Securities Incorporated, Industrial Alliance Securities Inc. and Mackie Research Capital Corporation.
SOURCE Purpose Investments Inc.
For further information: please visit our website at www.purposeinvest.com or contact Dan Rubin, Vice President, Marketing, at 416-583-3853.