Shares of Hartco Inc. to commence trading on April 20, 2009 under stock
MONTREAL, April 15 /CNW Telbec/ - Hartco Income Fund (the "Fund") (TSX:
HCI.UN) obtained today a final order from the Québec Superior Court with
respect to its previously-announced Plan of Arrangement, as well as Articles
of Arrangement from Industry Canada, thereby completing the conversion of the
Fund to Hartco Inc.
Effective today, all of the outstanding trust units of the Fund and
"tracking share units" of Hartco Investments Inc., an affiliated corporation,
have been exchanged for common shares of Hartco Inc. on a one-for-one basis.
As a result, there are now 13,598,890 common shares of Hartco Inc. issued and
The common shares of Hartco Inc. will commence trading on the Toronto
Stock Exchange on Monday, April 20, 2009 under the stock symbol "HCI", at
which time the trust units of the Fund will be delisted from the TSX.
Hartco Inc. Profile
Hartco Inc. (TSX: HCI) has been a leader in the Canadian information
technology business for more than thirty years. Through its operating
divisions, which together include more than 60 locations operating across
Canada under the banners of Metafore(TM), MicroAge(R), Microserv(R) and
Northwest Digital(R), Hartco Inc. delivers information technology solutions to
private and public sector organizations of every size. For more information,
please visit Hartco Inc. online at www.hartco.com.
This news release contains forward-looking information. Except for
historical information contained herein, the statements in this document are
forward-looking. Forward-looking statements involve known and unknown risks
and uncertainties, which may cause actual results in future periods to differ
materially from forecasted results. Those risks include, among others, changes
in customer demand for information technology products or services, changes in
supplier pricing actions or terms, customer orders, pricing actions by
competitors, changes in laws and regulations and general changes in economic
conditions. Risks that could cause our results to differ materially from our
expectations are discussed in our annual Management's Discussion & Analysis.
For further information:
For further information: or for Investor Relations: Carl Gauvreau, CA,
Vice-President Finance and Chief Financial Officer, Hartco Inc., (514)
354-3810, Fax: (514) 354-8989, firstname.lastname@example.org; www.hartco.com