Marquest Asset Management is seeking to raise $100 million through the initial public offering (IPO) of its Marquest Canadian Equity Income Fund. The firm will sell 10 million units at $10 per unit on the Toronto Stock Exchange. The fund will seek to invest in a diversified portfolio of the securities comprising the S&P/TSX Equity Income Index. The offering is being led by Scotia Capital, CIBC World Markets and RBC Capital Markets.
Click here for the release from Canada Newswire.