Canadian High Dividend Common Share IPOs:

On May 17, 2007, Northstar Healthcare Inc. completed the first Canadian initial public offering (IPO) of high dividend common shares by a US business. Listed on the Toronto Stock Exchange, Northstar was formed to indirectly acquire and manage ambulatory surgery centres in the United States, focusing initially on Houston and other metropolitan areas in Texas. At approximately $170 million (following full exercise of the over-allotment option), Northstar was the largest IPO in Canada during the first nine months of 2007. Investor interest in Northstar has continued since its IPO and as of October 12, 2007, its share price had increased by over 50% to $19.08.