On October 19, 2004, Gienow Windows & Doors Income Fund (the Fund) completed its initial public offering and associated private placement of a total of 25,147,500 trust units for gross proceeds of $251,475,000. The Fund used the aggregate net proceeds of the offering and the private placement, in addition to funds drawn down on a new credit facility, to indirectly acquire the outstanding partnership interests in Gienow Windows & Doors Limited Partnership and its affiliates, Award Windows Inc. and Architectural Windows & Doors Inc., all based in Calgary and Edmonton, Alberta. At the same time the Fund acquired all of the issued and outstanding common shares of Farley Windows Inc., based in Alexandria, Ontario from a third party. The Fund’s business is the manufacture, distribution and sale of windows, doors and related products.
The underwriting syndicate for the offering was co-led by RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc., and also included CIBC World Markets Inc., GMP Securities Ltd., National Bank Financial Inc. and TD Securities Inc. 

The underwriters were represented by Davies Ward Phillips & Vineberg LLP with a team that included Shawn McReynolds, Mindy Gilbert, Jennifer Grossklaus and Robert Druzeta (corporate & securities), Siobhan Monaghan and John Zinn (tax), Gabriella Lombardi (Real Estate) and Alex Pike (Environmental) and in the U.S. by Gerald Shepherd and Charles Malone.