MONTREAL, Sept. 20 /CNW Telbec/ - Boralex Power Income Fund (the "Fund")
announces that the Special Committee of its Board of Trustees has ended the
sales process initiated last March respecting the Fund.
The Special Committee has determined that, based on the current state of
the financial markets, a transaction at this time would not be in the
interests of Unitholders.
This decision does not question the Fund's favourable financial situation
neither does it affect the Fund's objective to ensure stable and foreseeable
Boralex Energy Inc., a subsidiary owned entirely by Boralex Inc.,
continues as manager of the Fund.
About Boralex Power Income Fund
Boralex Power Income Fund is an unincorporated open-ended trust that
indirectly owns ten power generating stations located in the province of
Québec and the United States producing energy from different sources including
wood-residue or natural gas-fired thermal and cogenerating facilities as well
as hydroelectric power stations. In total, these power stations have an
installed capacity of 190 MW. The Fund's units are listed for trading on The
Toronto Stock Exchange under the symbol BPT.UN.
For further information:
For further information: Ms. Patricia Lemaire, Director, Communications,
Boralex Power Inc., (514) 985-1353, email@example.com