THE DATA GROUP INCOME FUND OBTAINS FINAL COURT ORDER APPROVING PLAN OF ARRANGEMENT

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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 "Circular").

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.

Forward-looking Statements
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

Profil de l'entreprise

The DATA Group Income Fund

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