Saxon Financial Inc. announced today that it has issued an additional 654,589 common shares for gross proceeds of $10,800,718. The over-allotment option was granted in connection with the firm’s initial public offering.

BMO Nesbitt Burns Inc. led the underwriting syndicate, which included CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc.

The common shares of Saxon Financial trade on the Toronto Stock Exchange under the symbol SFI.

Saxon Financial is an investment management firm with three principal lines of business: Saxon Funds Management Ltd.; Howson Tattersall Investment Counsel Ltd.; and Howson Tattersall Private Asset Management Inc.