NEW YORK, Aug. 2 /CNW/ - BreakPoint Capital Group LLC ("BreakPoint")
announces that it has control and direction over an aggregate of 875,700 Units
of Cargojet Income Fund (TSX: CJT.UN) ("CJT"). This represents approximately
12.99% of the outstanding securities of that class, or approximately 9.74% of
the outstanding Units and Exchangeable LP Units (which are convertible into
Units of the Fund). BreakPoint has exclusive control over the trust units in
its capacity as investment manager for BreakPoint Capital Partners (Canada)
Offshore Ltd. and as the employer of Mr. Heath Freeman, the beneficial owners
of the trust units. This announcement is not an admission that BreakPoint is a
joint actor with either of those beneficial owners.
The purchase of the trust units in Cargojet Income Fund was made through
the facilities of the Toronto Stock Exchange for investment purposes.
BreakPoint may from time to time acquire additional trust units of CJT,
dispose of some or all of its existing or additional trust units of CJT, or
continue to hold the trust units in CJT in the normal course of BreakPoint's
investment activities, subject to applicable securities laws.
About BreakPoint Capital Group LLC
BreakPoint Capital Group LLC is a New York, New York based private asset
For further information:
For further information: Heath B. Freeman, President & Portfolio
Manager, BreakPoint Capital Group LLC, 885 Third Avenue - 34th Floor, New
York, NY, 10022, Tel: (646) 205-1656