On March 17, 2005, Brompton Advantaged Equal Weight Oil & Gas Income Trust (the Trust), an investment trust, completed an initial public offering of 21,000,000 units at $10 per unit for gross proceeds of $210 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., First Associates Investments Inc., Raymond James Ltd., Dundee Securities Corp., IPC Securities Corp., Wellington West Capital Inc., Acadian Securities Inc., Newport Securities Inc. and Research Capital Corp.

The Trust’s investment objectives are to provide its unitholders with the benefits of high monthly tax advantaged cash distributions and low management fees together with the opportunity for capital appreciation based on the performance of an equally weighted diversified portfolio of oil & gas income trusts held on a passive basis. This portfolio will consist of all oil & gas income trusts listed on the Toronto Stock Exchange having a market capitalization of at least $500 million and paying a regular distribution.

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