The Manager is a wholly-owned subsidiary of CEHL
, which in turn is an indirect wholly-owned subsidiary of Calpine.
At December 31, 2003, the Fund had 52,001,351 Trust Units outstanding, of which 8,600 are held by CEHL
, an indirect wholly-owned subsidiary of Calpine, and 51,992,751 are widely held and trade on the Toronto Stock Exchange.
On August 29, 2002, the following interests were contributed by the Manager and CEHL
to CLP in consideration for the Class B Subordinated Units: (i) a 0.
On closing of the Secondary Offering, CEHL
sold 17,034,234 Trust Units as part of the Warranted Units, and sold 8,517,118 Trust Units to the Fund.