VANCOUVER, Dec. 18, 2012 /CNW/ - WesternOne Equity Income Fund
("WesternOne Equity") (TSX: WEQ.UN, WEQ.DB.B and WEQ.DB.C) today
announced that its Board of Trustees has approved a cash distribution
of $0.05 per trust unit for the month of December 2012 (equivalent to
$0.60 per trust unit on an annualized basis). This distribution will be
paid on January 15, 2013 to unitholders of record at the close of
business on December 31, 2012.
In addition, WesternOne Equity announced that during November 2012,
144,739 trust units were issued at $5.25 per trust unit in connection
with the conversion of $735,000 principal amount in Unsecured
Convertible Subordinated Debentures (plus accrued interest), and 67,497
trust units were issued at $7.50 per trust unit in connection with the
conversion of $492,000 principle amount in Extendible Convertible
Series 2 Unsecured Subordinated Debentures. As at November 30, 2012,
WesternOne Equity had 21,438,180 trust units, $9,740,000 principal
amount of the Unsecured Convertible Subordinated Debentures and
$81,032,000 principal amount of the Extendible Convertible Series 2
Unsecured Subordinated Debentures outstanding.
The policy of WesternOne Equity is to pay cash distributions on or about
the 15th day of each month to unitholders of record on the last
business day of the preceding month.
About WesternOne Equity
WesternOne Equity seeks to acquire and grow businesses in the
construction and infrastructure services sector in order to generate
stable and growing distributions to its unitholders as well as to
achieve overall capital appreciation.
Additional information about WesternOne Equity is available at www.weq.ca or www.sedar.com
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE: WesternOne Equity Income Fund
For further information:
Andrew Greig, Manager of Investor Relations
WesternOne Equity Income Fund
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 678-4042