VANCOUVER, May 19 /CNW/ - WesternOne Equity Income Fund ("WesternOne
Equity") (TSX: WEQ.UN, WEQ.DB and WEQ.DB.B) today announced that its
Board of Trustees has approved a cash distribution of $0.05 per trust
unit for the month of May 2011 (equivalent to $0.60 per trust unit on
an annualized basis). This distribution will be paid on June 15, 2011
to unitholders of record at the close of business on May 31, 2011.
In addition, WesternOne Equity announced that during April 2011, 292,298
trust units were issued at $4.20 per trust unit in connection with the
conversion of $1,197,000 principal amount in Series A Debentures (plus
accrued interest), and 4,483 trust units were issued at $5.25 per trust
unit in connection with the conversion of $23,000 principal amount in
the 8.5% Convertible Unsecured Subordinated Debentures (the "Unsecured
Debentures") (plus accrued interest). As at April 30, 2011, WesternOne
Equity had 15,320,799 trust units, $3,598,900 principal amount of the
Series A Debentures and $27,577,000 principal amount of the Unsecured
The policy of WesternOne Equity is to pay cash distributions on or about
the 15th day of each month to unitholders of record on the last
business day of the preceding month.
About WesternOne Equity
WesternOne Equity seeks to acquire businesses in the sector of
construction and infrastructure services in order to generate stable
and growing distributions to its unitholders as well as to achieve
overall capital appreciation.
Additional information about WesternOne Equity is available at www.weq.ca or www.sedar.com
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE WesternOne Equity Income Fund
For further information:
Andrew Greig, Manager of Investor Relations
WesternOne Equity Income Fund
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 678-4042