Income Funds and REITs: Overview

Osler is broadly recognized as one of the premier business law firms in Canada with a seamless service model that strongly enhances our ability to advise clients across Canada and internationally. A market leader in mergers & acquisitions, corporate finance and securities, lending, and real estate, and the acknowledged Canadian legal powerhouse in tax, Osler has extensive experience that spans the ongoing income fund conversion to a corporate structure to advising on some of the largest and most complex income trust and REIT transactions in Canadian history.

Income Funds

Osler has extensive experience acting for Boards and organizations facing the strategic and legal challenges created by current market conditions and the impending imposition of entity-level tax. We have advised acquirers, selling trusts, lenders and special committees on approximately half of the Income Trust sale or merger transactions that have occurred since the October 31, 2006 announcement of Income Trust tax change. We continue to act on follow-on issues by existing Income Trusts to fund the growth of such trusts, as well as on major acquisitions and the financing of Income Trust sales.

REITs

Osler offers clients deep expertise in the area of real estate investment trusts and has acted for many of Canada’s largest REITs. More than a decade of experience advising on the creation and management of REITs has given us valuable insight into this market. In addition, we advise REIT clients on all aspects of real estate, including acquisitions, dispositions, mortgaging and leasing of their various assets. We also provide expert securities, tax and corporate governance counsel to REITs and their subsidiaries, to underwriters and to lenders.

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Income Funds and REITs