IBI Group Investment Partnership acquires units of IBI Income Fund
Following the acquisition of units, the Investment Partnership owns 22.8% of the outstanding Fund units. The Investment Partnership acquired the units from the Management Partnership at a price
The transfer of the Fund units was exempt from the prospectus requirement of applicable Canadian securities legislation based on an exemption relating to trades to an affiliate of a founder of the issuer.
About IBI Income Fund
The Fund is a TSX listed income trust, which pays monthly distributions and trades under the symbol "IBG.UN". The Fund holds an indirect 71.7% in IBI Group, a partnership which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology. The remaining 28.3% of IBI Group is owned by the Management Partnership which together with its and the Investment Partnership's share in the indirect interest of the Fund holds a combined 46.3% interest.
%SEDAR: 00021044E
For further information: Philip Beinhaker, IBI Group Investment Partnership, 230 Richmond Street West, 5th Floor, Toronto, ON, M5V 1V6, Tel: (416) 596-1930
Share this article