JFT Strategies Fund announces $100 million ATM offering

Company

JFT Strategies Fund

Law Firm / Organization
Blake, Cassels & Graydon LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

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.

Public/Private Offering
Banking/Finance
$ 100,000,000
Active