TORONTO, Sept. 19 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN)
today announced that Mark Davis has been reappointed President of Chemtrade
Logistics in addition to his current role of Chief Executive Officer. The move
follows the resignation of David Masotti as President & Chief Operating
Officer of Chemtrade, effective October 1, 2007.
Mr. Davis said, "David Masotti joined Chemtrade when our rapid growth
required special focus on developing and building a senior management team.
During David's tenure with Chemtrade our senior team has been substantially
improved, both individually and collectively. We are now well positioned to
execute our business plan and continue to enhance the Chemtrade platform. We
thank David for his exceptional efforts and wish him well with his future
Chemtrade also announced today that it has declared a cash distribution
of $0.10 per unit for the month of September 2007 payable on October 31, 2007
to unitholders of record at the close of business on September 28, 2007.
Holders of units who are non-residents of Canada will be required to pay
all withholding taxes payable in respect of any distributions of income by the
For further information:
For further information: Mark Davis, President & CEO, Tel: (416)
496-4176; Rohit Bhardwaj, Vice-President, Finance & CFO, (416) 496-4177;