The Private Investor - Fall Winter 2019

The 2019 PCMA Private Capital Markets Eastern Awards

It’s an Event within an Event!

n important and highly coveted part of the PCMA Conference is the presentation of the PCMA Private Capital Markets (PCM) Awards.

These are the only national industry awards for private capital markets! It was hosted this year by Andrew McCreath, markets commentator at BNN Bloomberg and the host of ‘Weekly with Andrew McCreath’, a Weekly show now in its 7th year. McCreath also manages his hedge fund business, Forge First Asset Management, where he’s CEO, CIO & the UDP. Also, on the main stage handing out the crystals, is PCMA Chair, Frank Laferriere, COO, Portland Investment Counsel Inc and PCMA Director Stephen Warden, MNP.

The PCM Awards are the first of its kind to recognize the outstanding achievements by our PCMA members across Canada. We are committed to shining the spotlight of success on the stars of the private capital markets and honouring these industry leaders. Our members are bright, savvy dealers, issuers, lawyers and other private capital markets professionals, who navigate the private capital world from coast to coast.

They are engaged every day in helping to: • Finance entrepreneurs, innovators and startups • Inject capital to transition businesses • Support and grow emerging small and medium sized businesses • Create successful private market investment opportunities for Canadians

Recipients of the 2019 PCMA Private Capital Markets Eastern Awards

REAL ESTATE - DEVELOPMENT

Portland Investment Counsel Bay and Scollard Development Trust

This is an example of our member providing investors with the opportunity to co-invest alongside a world-class developer (Lanterra Developments Ltd) and institutions and participate in a development in a quality location (near the Four Seasons Hotel in the Yorkville area of Toronto).

REAL ESTATE - DEVELOPMENT

Cranson Capital Securities Plaza Land Fund

Cranson Capital raised $20 million from more than 200 individual investors for the Plaza Land Fund to purchase a diversified portfolio of income producing properties with significant development potential. The Plaza Land Fund acquired a residential apartment building in Forest Hill, an office building with excess land at Don Mills/Eglinton and a commercial building at the Waterfront, each with high potential for future development.

The properties are cash flowing with conservative leverage, providing capital preservation while the Fund waits for each site to appreciate over time. Subsequent to the closing of the transaction, the Waterfront property was incorporated into the planning jurisdiction for Google and Waterfront Toronto’s Quayside Sidewalk Labs development. The Don Mills property sits adjacent to the future LRT station at Don Mills/Eglinton and the Forest Hill property has been incorporated into a broader land assembly that is being sold to developers this year generating over 125% return for investors in less than 3 years.

HEALTHCARE FUNDING

POWERONE Capital Markets Limited AKUMIN Inc.

This is a classic illustration of an exempt market dealership stepping up to help an issuer access capital to build out a long-term business strategy to take advantage of a market opportunity – and paving a path to ultimately take the company to the next level of the capital markets. In this instance, a market consolidation opportunity was identified by Akumin in the outpatient medical imaging industry in the United States. Akumin has successfully acquired and integrated many smaller operators in its state-of-the art operating platform driving cost efficiencies and enabling organic growth through its increased scale and investments in technology.

Akumin recognized this trend several years ago, and tapped one of PCMA’s members, PowerOne to coordinate more than US$

54mm in financing in less than a year.

PowerOne’s platform was able to obtain private financing for Akumin to successfully close few large acquisitions and several tuck-in acquisitions – which allowed the company to execute on its business strategy and pursue a public listing with a syndicate of IIROC dealers. Today Akumin has revenues and a market cap each in excess of US$200 million.

An excellent outcome for investors, the capital markets and the company.

MORTGAGE FUND

Waverley Mortgage Company of Canada

Mortgage Company of Canada provides investors with an opportunity to access a diversified portfolio of first and second mortgage loans to generate cash flow for their portfolios. The fund invests in a large number of low duration loans, with an average funding size of $326,000 and an average portfolio duration of less than six months. Mortgage