TRADING SYMBOL: Toronto Stock Exchange - GRO.UN
VANCOUVER, June 22 /CNW/ - Sun Gro Horticulture Income Fund (the Fund)
announced today the results of voting at the annual meeting held June 22,
2009. The following individuals were elected as trustees of the Fund to hold
office until the next annual meeting of the Fund or until a successor is duly
appointed: Mitchell J. Weaver, Craig Graham, John J. McLaughlin and David E.
Sutin. The following individuals were selected as nominees for election as
directors of Sun Gro Horticulture Canada Ltd. ("Sun Gro") for the ensuing
year: Mitchell J. Weaver, Jack Edwards, John Zaplatynsky, Craig Graham, John
J. McLaughlin and David E. Sutin. Three of the four nominees elected to the
board of trustees of the Fund, and three of the six nominees selected for
election to the board of directors of Sun Gro, Messrs Graham, McLaughlin and
Sutin, were nominees of various unitholders of the Fund.
PricewaterhouseCoopers LLP was appointed as auditors of the Fund for the
ensuing year. The note repurchase, as described in the management information
circular for the meeting, was also approved. Full results of voting will be
made available on SEDAR at www.sedar.com.
Income Fund Profile
Sun Gro Horticulture Income Fund was launched with the completion of an
Initial Public Offering on March 27, 2002. Units of the Fund are listed for
trading on the Toronto Stock Exchange. At June 22, 2009, there were 22,284,681
units of the Fund issued and outstanding. The Fund is dependent on Sun Gro's
operations, with monthly distributions to its unitholders based entirely on
Sun Gro's performance.
Sun Gro was founded in 1929 in Vancouver, BC and has grown to become
North America's largest producer of sphagnum peat, and the largest distributor
of peat moss, and peat and bark-based growing media to professional plant
growers in the US and Canada. Sun Gro sells its professional products
primarily to greenhouse, nursery and specialty crop growers, as well as to
golf course developers and landscapers. Sun Gro also sells peat moss and
peat-based growing mixes to retail customers, either by way of private label
partnerships or under its own brand names. The US accounts for approximately
81% of the company's sales volumes.
Sun Gro currently has approximately 65,000 acres of peat bogs under
lease. The company's North America-wide production network now comprises 12
Canadian operating plants and 13 US operating plants.
For further information:
For further information: Bradley A. Wiens, Vice-President, Finance and
CFO, Sun Gro Horticulture Income Fund, Tel: (425) 373-3603, Email:
email@example.com, Website: www.sungro.com