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BRAMPTON, ON, May 25, 2011 /CNW/ - The DATA Group Income Fund
(TSX:DGI.UN) (the "Fund") today announced that it has obtained a final
order from the Ontario Superior Court of Justice approving the
previously announced statutory plan of arrangement (the "Arrangement").
The Arrangement will result in the reorganization of the Fund's income
trust structure into a dividend paying public corporation, named "Data
Group Inc." and unitholders of the Fund ("Unitholders") will become
holders of common shares of Data Group Inc.
Pursuant to the Arrangement, units of the Fund will be exchanged for
common shares of Data Group Inc. on a one-for-one basis. The Fund will
be wound up into Data Group Inc. and dissolved and Data Group Inc.
will, directly or indirectly, carry on the business of The DATA Group
Limited Partnership ("Data Group"). Unitholders approved the
Arrangement and related matters at the annual and special meeting of
Unitholders that was held on May 17, 2011.
For more information about the Arrangement, please refer to the
management proxy circular of the Fund dated April 14, 2011 (the
About the Fund
The Fund owns directly and indirectly all of the outstanding partnership
units of the Data Group and all of the outstanding shares of the Data
Group's general partner, Data Business Forms Limited. The Data Group is
a leading provider of document management solutions, with growing
capabilities in direct marketing and specialized print products.
Founded in 1959, the Data Group operates numerous facilities in 11
regions across Canada and has a leading market share in the total
document management services segment.
Additional information relating to the Fund is available on the System
for Electronic Document Analysis and retrieval (SEDAR) at www.sedar.com and www.datagroupincomefund.com.
Certain statements in this press release constitute "forward-looking"
statements that involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance,
objectives or achievements of the Fund and/or the Data Group, or
industry results, to be materially different from any future results,
performance, objectives or achievements expressed or implied by such
forward-looking statements. When used in this press release, words such
as "may", "would", "could", "will", "expect", "anticipate", "estimate",
"believe", "intend", "plan", and other similar expressions are intended
to identify forward-looking statements. These statements reflect the
Fund's current views regarding future events and operating performance,
are based on information currently available to the Fund, and speak
only as of the date of this press release. These forward-looking
statements involve a number of risks, uncertainties and assumptions and
should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether or not such
performance or results will be achieved. Many factors could cause the
actual results, performance or achievements of the Fund and the Data
Group to be materially different from any future results, performance
or achievements that may be expressed or implied by such
forward-looking statements. Those factors are discussed under the
heading "Risk Factors" in the Circular, under the heading "Risk Factors
- Risks Related to the Business" in the Fund's annual information form
for the year ended December 31, 2010 and in the Fund's other publicly
available disclosure documents, as filed by the Fund on SEDAR (www.sedar.com). Should one or more of these risks or uncertainties materialize, or
should assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described in
this press release as intended, planned, anticipated, believed,
estimated or expected. Unless required by applicable securities law,
the Fund does not intend and does not assume any obligation to update
these forward-looking statements.
SOURCE The DATA Group Income Fund
For further information:
Mr. Michael Suksi, President and CEO, The Data Group Limited Partnership, Tel: (905) 791-3151; Mr. Paul O'Shea, Chief Financial Officer, The Data Group Limited Partnership, Tel: (905) 791-3151