On October 7, 2004, Brompton Equal Weight Oil & Gas Income Fund, an investment trust, completed an initial public offering of 40 million units at $10 per unit for gross proceeds of $400 million. The offering was made through a syndicate of agents led by RBC Dominion Securities Inc., and included CIBC World Markets Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corp., Desjardins Securities Inc., Dundee Securities Corp., First Associates Investments Inc., Raymond James Ltd., Acadian Securities Inc., Newport Securities Inc., Research Capital Corp. and Wellington West Capital Inc.

The net proceeds of the offering, together with an amount advanced under a loan facility provided by the Royal Bank of Canada, will be invested in a portfolio that will comprise an approximate equal dollar amount of securities of each Oil & Gas Income Trust listed on the TSX having a float capitalization of at least $500 million at the time of investment.

The agents were represented by Davies Ward Phillips & Vineberg LLP with a team that included Shawn McReynolds and Darren Wasylucha (securities/corporate) and Ronald Wilson (tax).