Acquisition of additional subordinate voting trust units of Contrans Income Fund



    TORONTO, June 26 /CNW/ - Pursuant to the distribution reinvestment plan
of Contrans Income Fund ("Contrans"), Stanley G. Dunford acquired 4,725
subordinate voting trust units of Contrans, or approximately .02% of the
issued and outstanding subordinate voting trust units of Contrans. The
subordinate voting trust units were acquired at $8.0407 per unit from treasury
in accordance with the terms of the distribution reinvestment plan. Prior to
this purchase, Mr. Dunford owned 902,177 subordinate voting trust units, or
approximately 4.0% of the issued and outstanding subordinate voting trust
units.
    Mr. Dunford also owns 3,309,839 subordinate voting rights of Contrans, or
approximately 68.8% of the issued and outstanding subordinate voting rights of
Contrans. Mr. Dunford also owns 1,377,724 multiple voting rights of Contrans,
or approximately 93.9% of the issued and outstanding multiple voting rights of
Contrans. Each subordinate voting trust unit entitles the holder to one vote,
each subordinate voting right entitles the holder to one vote and each
multiple voting right entitles the holder to ten votes. Subordinate voting
rights attach to the Class A limited partnership units of Contrans Holding
Limited Partnership and the multiple voting rights attach to the Class B
limited partnership units of Contrans Holding Limited Partnership. In
aggregate, Mr. Dunford has a 42.5% voting interest in Contrans.
    The subordinate voting trust units were acquired for investment purposes.
Mr. Dunford may, depending on market and other conditions, increase or
decrease his beneficial ownership of subordinate voting trust units of
Contrans, whether in the open market, by privately negotiated agreements, or
otherwise. This press release is issued pursuant to National Instrument 62-103
- The Early Warning System and Related Take Over Bid and Insider Reporting
Issues, which requires a report to be filed on SEDAR (www.sedar.com)
containing additional information with respect to the foregoing matters. A
copy of this report may be obtained by contacting Stanley Dunford at
519-421-4600.




For further information:

For further information: Stanley Dunford, (519) 421-4600

Organization Profile

Contrans Group Inc.

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