Contrans Income Fund completes conversion into corporation
WOODSTOCK, ON,
Pursuant to the plan of arrangement: - holders of subordinate voting units will receive in exchange for each of their subordinate voting units, one Class A Subordinate Voting Share of Contrans; - holders of Class A limited partnership units of each of Contrans Holding Limited Partnership, Contrans Services LP and Contrans Holding II LP will receive, in exchange for one Class A limited partnership unit of each such partnership, one Class A Subordinate Voting Share; and - holders of Class B limited partnership units of Contrans Holding Limited Partnership, Contrans Services LP and Contrans Holding II LP will receive, in exchange for one Class B limited partnership unit of each such partnership, one Class B Multiple Voting Share of Contrans.
"Operating under a corporate structure will provide us with additional financial flexibility regarding the growth and retention of capital and better position Contrans to facilitate its future growth plans," said
The Class A Subordinate Voting Shares are expected to start trading on the
For further information: For further information: Stan G. Dunford, Chairman and Chief Executive Officer, or Gregory W. Rumble, President and Chief Operating Officer, Phone: (519) 421-4600, E-mail: [email protected], Web site: www.contrans.ca
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