RBC Dain Rauscher Recognized as Advisor on the Bond Buyer's 2004
'Deal of the Year'
RBC Dain Also Acknowledged as Book Runner on Separate Deal
MINNEAPOLIS, Jan. 5 /PRNewswire/ -- RBC Dain Rauscher was recently recognized
as advisor on The Bond Buyer's 2004 "Deal of the Year," an award given to the
year's top municipal finance deal. Citizens Property Insurance Corporation of
Florida was selected as "Deal of the Year" for its issuance of $750 million of
bonds to raise money for an insurance program benefiting people in high-risk,
hurricane-prone areas.
"Serving on a deal acknowledged as the most successful and innovative deal of
the year, speaks to the hard work and dedication of all those involved," said
Chris Hamel, director of public finance banking at RBC Dain Rauscher. "As a
company who's committed to partnering with the communities we serve, it was
equally rewarding that proceeds from the deal benefited individuals affected
during the 2004 hurricane season." Aside garnering the most votes for the "Deal of the Year," the Florida bond
issue also was named the Southeast Deal of the Year -- one of the five regional
awards. Leading the deal from RBC Dain were senior bankers Dick Montalbano and
Mitch Owens, supported by Tom Carlson and Candy Mortenson. RBC Dain Rauscher
strengthened its position in the Southeast earlier this year with the purchase
of William R. Hough & Co., formerly a privately held full- service investment
firm specializing in fixed income products and underwriting.
Additionally, RBC Dain was recognized as book runner on The Maryland Health and
Higher Education Facilities Authority's $253.86 million sale for the University
of Maryland Medical Systems. The Maryland deal was selected as an honorable
mention in the Northeast region.
"We have always maintained a reputation of providing the best solutions for our
clients," said Hamel. "Being recognized on two of this year's winning deals is
a testament to our strength and leadership position in the industry." The Bond Buyer's "Deal of the Year" awards were launched in 2002 to honor the
most innovative deals in the market each year. Deals are judged on the
potential to be used as a model by other states and local governments, and the
extent to which the issuer used new financing techniques or credit structures. The newspaper's editors and bureau chiefs select the award winners.
RBC Dain Rauscher's Fixed Income Group (FIG) is a leader in fixed income
trading, sales and underwriting. Comprised of over 650 employees in 22 states,
FIG serves individual investors, institutional investors, and issuers of
taxable and tax-exempt debt securities. The firm's national expertise and
regional focus gives it a unique advantage in gathering and evaluating
information on securities issued in the areas where it does business. The firm
is among the nation's top underwriters, specializing in assisting state,
county, and local governments, public agencies, non-profit entities, and other
borrowers in raising capital.
About RBC Dain Rauscher RBC Dain Rauscher Inc., a wholly owned subsidiary of Royal Bank of Canada
(NYSE:RY) Toronto, is the nation's eighth largest full-service securities firm
with more than 1,800 financial consultants and 5,000 employees. The company
serves individual investors and businesses through offices coast to coast, and
capital markets and correspondent clients in select U.S. and international
markets. Founded in 1909, RBC Dain Rauscher is a member of the New York Stock
Exchange and other major securities exchanges, as well as the Securities
Investor Protection Corp. The company's Minneapolis headquarters are located at
60 S. Sixth Street. DATASOURCE: RBC Dain Rauscher Inc.
CONTACT: Branden Happel of RBC Dain Rauscher Inc., +1-612-371-2239 Web site: http://www.rbcdainrauscher.com/
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