Parties
Company
JFT Strategies Fund
Bank
National Bank Financial Inc.
On February 27, 2023, JFT Strategies Fund announced an at-the-market (ATM) offering of Class A units worth up to $100 million, listed on the TSX under "JFS.UN." National Bank Financial Inc. acted as the sole agent, earning a commission of up to 2.5% per unit sold. The net proceeds will be used to support the Fund’s actively managed investment strategy aimed at maximizing returns while mitigating market risk and volatility.
Legal advisors included Blake, Cassels & Graydon LLP for the Fund and Osler, Hoskin & Harcourt LLP for the agent. The offering is set to close on the earlier of March 22, 2025, or upon full issuance of the units, with launch expenses excluding commissions estimated at $300,000.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 100,000,000Deal Status
ActiveClosing Date