Trisura Group Ltd., a leading specialty insurance provider, has announced that it has completed its previously announced public offering of 1,620,000 common shares, including 100,000 common shares issued pursuant to the partial exercise of the underwriters’ over-allotment option, at a price of $32.90 per common share, for gross proceeds of approximately $53 million (the “Offering”).
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The Offering was completed on a bought deal basis by a syndicate of underwriters led by BMO Capital Markets and including CIBC Capital Markets, TD Securities Inc., Cormark Securities Inc., National Bank Financial Inc., Raymond James Ltd., RBC Capital Markets and Scotia Capital Inc.
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Trisura Group Ltd. is a specialty insurance provider operating in the Surety, Risk Solutions, Corporate Insurance, and Fronting business lines of the market. Trisura has investments in wholly owned subsidiaries through which it conducts insurance and reinsurance operations. Those operations are primarily in Canada (“Trisura Canada”) and the United States (“Trisura US”). Trisura Group Ltd. is listed on the Toronto Stock Exchange under the symbol “TSU”.
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