Bloom Income & Growth Canadian Fund is looking to raise up to $100 million in an initial public offering (IPO). The offering, which is due to close on October 19, will be listed on the Toronto Stock Exchange.
Bloom Investment Counsel will actively manage the fund’s portfolio. The product’s investment objectives are to offer unit holders monthly cash distributions with a bigger component of Canadian eligible dividends and an opportunity for capital appreciation. This offering is being led by Canadian Imperial Bank of Commerce and co-led by RBC Capital Markets, BMO Capital Markets and TD Securities.
Click here for the release from Market Wire.