Livingston International Income Fund mails circular recommending that
unitholders vote in favour of its acquisition by CPP Investment Board and
Sterling Partners
Special Meeting to be Held on
The special meeting to consider the transaction is scheduled for
The Circular has been filed on SEDAR at www.sedar.com and is also available from the Investor Relations section of Livingston's web site at www.livingstonintl.com.
Livingston's board of trustees unanimously supports the transaction and urges unitholders to review the Circular, which contains important information about the proposed transaction, including the background to the offer and the reasons why Livingston believes that the acquisition is fair to, and in the best interests of, unitholders.
"The transaction with CPP Investment Board and Sterling Partners emerged as the best alternative following a confidential targeted auction process initiated by the board of trustees in June 2009," said
"In the absence of the transaction, unitholders face the risk that Livingston will be adversely affected by challenges associated with continued uncertain economic conditions worldwide," continued
How to vote
Unitholders may attend the special meeting in person and should contact their broker, securities dealer, trust company or other intermediary well in advance of the special meeting to obtain information on how to vote in person. Alternatively, unitholders should exercise their right to vote by following the instructions provided with the Circular or by otherwise following instructions provided by their broker or other intermediary. Unitholders are advised to provide their voting instructions via Internet, telephone or mail. Details are explained in the Circular under the heading "General Proxy Matters".
For further information
Unitholders wishing further information or who have questions should contact
About Livingston
Livingston International Income Fund is a trust that holds the securities of Livingston International Inc., a leading North American provider of customs, transportation and integrated logistics services. Headquartered in
About CPP Investment Board
The CPP Investment Board is a professional investment management organization that invests the funds not needed by the
About Sterling Partners
Sterling Partners is a private equity firm with a 25-year history of generating superior returns, with a focus on business services, health care and education. With approximately US$4 billion of capital under management, the firm invests in industries with positive, long-term trends and provides ongoing support with a diverse and balanced team of industry veterans, operators, investors, strategy experts and human capital professionals. Sterling Partners is co-headquartered in
For further information: Dawneen MacKenzie, Vice-President, Public Affairs, 1-800-387-7582 ext. 3109, [email protected]
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