May 18, 2005
On May 18, 2005, CanWel Building Materials Ltd. (TSX: CWX), a national distributor in the Canadian building materials and related products sector, completed its conversion into an income trust structure under the name CanWel Building Materials Income Fund (TSX: CWX.UN). The income trust conversion closed concurrently with an initial public offering of 8,620,873 units by the Fund and a secondary offering of 5,747,127 units by The Futura Corporation for gross proceeds of $125 million. The transaction was led by GMP Securities Ltd. and included Scotia Capital Inc., Canaccord Capital Corporation, CIBC World Markets Inc. and Dundee Securities Corporation
Wildeboer Dellelce LLP represented the Underwriters with a team that included Troy Pocaluyko, James Brown, Paula Amy Hewitt (corporate and securities) and Kevin Fritz (tax).