Clarke Inc. announces increased investment in OFI Income Fund


    HALIFAX, Jan. 21 /CNW/ - Clarke Inc.("Clarke") announces that it has
acquired 110,700 units of OFI Income Fund ("OFI") bringing its total holdings
in OFI to 2,639,200 units representing approximately 20.36% of the total
outstanding units of OFI, and approximately 11.37% of the voting rights
attached to all issued and outstanding securities of OFI. The acquisition was
made pursuant to an exemption from the takeover bid requirements under
applicable securities laws.
    The purchase of the OFI units by Clarke was made through the facilities
of the Toronto Stock Exchange for investment purposes. Clarke may, from time
to time, acquire additional units of OFI, dispose of some or all of the
existing or additional units of OFI, or continue to hold the units of OFI in
the normal course of Clarke's investment activities.

    About Clarke

    Clarke is a Halifax-based activist and catalyst investment company with a
diversified portfolio of strategic and opportunistic investments, including
several wholly-owned subsidiaries operating in the transportation services
industry. From time to time, Clarke also participates in joint ventures when
they offer the opportunity to create shareholder value. Led by George Armoyan
and an entrepreneurial team of professionals focused on uncovering and
creating value, Clarke invests in undervalued businesses and participates
actively where necessary to enhance performance and increase returns. Clarke's
securities trade on the Toronto Stock Exchange (CKI, CKI.DB; CKI.DB.A); for
more information about Clarke Inc., please visit our website at
    %SEDAR: 00009934E

For further information:

For further information: Melinda Lee, Vice President Investments, Clarke
Inc., (902) 442-3420, Fax: (902) 423-4001

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890