CALGARY, Feb. 16 /CNW/ - DirectCash Management Inc. ("DirectCash"),
manager of the DirectCash Income Fund (the "Fund") (TSX: DCI.UN) is pleased to
announce that Leroy (Lee) E. Thiessen has been appointed as an additional
Director for DirectCash.
Mr. Thiessen is currently Senior Director, Realty Tax Consulting, at
Altus Group Limited, a subsidiary of Altus Group Income Fund a public trust
listed on the TSX. Mr. Thiessen was previously with Deloitte & Touche from
2000 to 2008 eventually holding the position of Senior Tax Partner (national
leader - realty tax services). Mr. Thiessen holds a B.A. (U. of Calgary) and
MBA (Golden Gate University, California). Mr. Thiessen is a Director of the
Calgary Business Owners and Managers Association, member of the Appraisal
Institute of Canada, and Associate Member of the National Association of
Industrial and Office Properties.
Mr. Jeffrey J. Smith (President and CEO of DirectCash) commented that "we
are excited with the addition of Lee Thiessen as a Director of DirectCash. Mr.
Thiessen brings extensive experience with major Canadian merchants, landlords
and developers across Canada which will be an invaluable addition to the
DirectCash has been operating with 5 directors and the appointment of Mr.
Thiessen will bring the number of directors back up to 6. It is DirectCash's
intention to put forward Mr. Thiessen as one of the 4 nominee directors to be
appointed by the Fund at the next meeting of the Fund unitholders currently
scheduled for May, 2009.
The Fund is mutual fund trust whose participating trust units are listed
for trading on the Toronto Stock Exchange under the symbol DCI.UN.
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: The officer(s) responsible for issuance of this
press release and who may be contacted for further information is: Jeffrey J.
Smith, C.E.O., DIRECTCASH INCOME FUND, Bay No.6, 1420 - 28th Street N.E.,
Calgary, Alberta, T2A 7W6, Telephone: (403) 387-2101, Fax: (403) 451-3001,