NEW YORK, Aug. 3 /CNW/ - BreakPoint Capital Group LLC ("BreakPoint")
announces that it has control and direction over an aggregate of 1,332,700
Units of Drive Products Income Fund (TSX: DPI.UN) ("DPI"). This represents
approximately 17.49% of the outstanding securities of that class, or
approximately 9.53% 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 Drive Products 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 DPI,
dispose of some or all of its existing or additional trust units of DPI, or
continue to hold the trust units in DPI 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