Overlord Financial Inc. has entered into a letter agreement with a leading Canadian underwriter to structure, arrange and market a collateralized fund obligation transaction of income trust equity.
Overlord and the underwriter intend to raise non-recourse term financing for a limited purpose vehicle that will invest the net proceeds in Canadian income trust equities.
In addition, Overlord has entered into a letter agreement with a prominent Montreal-based portfolio management company with experience in income trust management to provide portfolio management and administrative services for this transaction. Overlord will act as sub-advisor to the portfolio manager.
Overlord Financial Inc. — founded by Mr. Marcel Tremblay, creator of the royalty trust structure — is a Canadian specialty fund manager focused on providing all classes of investors in Canada and throughout the world with a new generation of investment vehicles offering superior rates of return, preservation of capital, liquidity, and capital appreciation.
Overlord Financial Inc. signs letter agreement for creation of a collateralized fund obligation
Also enters agreement for portfolio management, admin services
- By: IE Staff
- March 31, 2006 March 31, 2006
- 14:20