TORONTO, Aug. 24 /CNW/ - EdgePoint Wealth Management Inc. ("EdgePoint")
believes Boralex Inc.'s revised offer for Boralex Power Income Fund
(BPT) is inadequate. As such, EdgePoint will not be tendering units of
BPT managed by it to the revised offer. On behalf of its investors,
EdgePoint currently owns 1,892,300 of BPT units.
The current $5.00 offer for each BPT unit is in the form of convertible,
unsecured, subordinated debentures of Boralex. EdgePoint believes these
debentures are worth materially less than $5.00 per BPT unit
As noted in Boralex's amended offer to BPT unit holders dated August 13,
2010, BPT units that have already been tendered to the offer may be
About EdgePoint Wealth Management
EdgePoint Wealth Management
is an independent investment management firm based in Toronto that is
owned and operated by investorsTM. It offers mutual funds,
institutional and other investment products through financial advisors.
Its founding members - Tye Bousada, Patrick Farmer, Robert Krembil and
Geoff MacDonald - have proven track records of building wealth for those
who have entrusted them with their savings.
This is not an offer to purchase. Mutual funds can only be purchased
through a registered Dealer. Please read the simplified prospectus
before investing. Copies are available from your advisor or visit our
website for more information at www.edgepointwealth.com. EdgePoint® is a
registered trademark of EdgePoint Investment Group Inc. Owned and
operated by investors is a trademark of EdgePoint Investment Group Inc.
SOURCE EdgePoint Wealth Management Inc.
For further information: For further information:
Patrick Farmer, CEO
EdgePoint Wealth Management Inc.