DRI Healthcare Trust closes $90.2 million offering

Company

DRI Healthcare Trust

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

Scotia Capital Inc.

Law Firm / Organization
Torys LLP

Bank

CIBC World Markets Inc.

Law Firm / Organization
Torys LLP

Bank

RBC Dominion Securities Inc.

Law Firm / Organization
Torys LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Torys LLP

Company

Canaccord Genuity Corp.

Law Firm / Organization
Torys LLP

Company

Raymond James Ltd.

Law Firm / Organization
Torys LLP

Bank

Merrill Lynch Canada Inc.

Law Firm / Organization
Torys LLP

Bank

UBS Securities Canada Inc.

Law Firm / Organization
Torys LLP

Company

Stifel Nicolaus Canada Inc.

Law Firm / Organization
Torys LLP

DRI Healthcare Trust announced on September 14, 2023, and closed on September 20, 2023, a public offering of 8,200,000 units at C$11.00 per unit, raising C$90.2 million. Underwriters included Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., Merrill Lynch Canada Inc., UBS Securities Canada Inc., and Stifel Nicolaus Canada Inc.

Osler, Hoskin & Harcourt LLP acted for DRI, and Torys LLP advised the underwriters. Proceeds will fund royalty transactions, with units trading on the TSX as "DHT.UN" (CAD) and "DHT.U" (USD).

Public/Private Offering
Healthcare
$ 90,200,000
Closed
20 September 2023