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Cross-Border Acquisition and Spinoff

KLMR structured the tax-free, cross-border acquisition and related spin-off of a passive income royalty stream into a trust of which the stockholders of the private domestic U.S. company were the beneficiaries. Stockholder approval of the transaction required the involvement of KLMR attorneys in the preparation of a joint proxy statement and registration statement for both corporate constituents, the coordination of review by the SEC and corresponding Canadian authorities, and assistance in the proxy solicitation effort.