TORONTO, Aug. 20 /CNW/ - Mr. George Armoyan announces that on August 20, 2009, he acquired 900 units of TerraVest Income Fund ("TerraVest"), representing approximately 0.005% of the total outstanding units, and approximately 0.005% of the voting rights attached to all issued and outstanding securities of TerraVest. The TerraVest units held by Mr. Armoyan and Clarke Inc. ("Clarke"), of which Mr. Armoyan is the Executive Chairman, together total 3,432,000 units, representing approximately 17.49% of the total outstanding units, and approximately 17.49% of the voting rights attached to all issued and outstanding securities of TerraVest. The purchase of the TerraVest units by Mr. Armoyan was made through the facilities of the Toronto Stock Exchange for investment purposes. Mr. Armoyan may, from time to time, acquire additional units of TerraVest, dispose of some or all of the existing or additional units of TerraVest, or continue to hold the units of TerraVest in the normal course of his investment activities. Mr. Armoyan is not a joint actor with Clarke and the issuance of this news release is not an admission that Mr. Armoyan is a joint actor with any other entity. Mr. Armoyan is issuing this news release as Mr. Armoyan is Executive Chairman of Clarke which owns approximately 14.87% of the total outstanding units of TerraVest.
For further information: For further information: Mr. Garen Mikirditsian, TD Canada Trust Tower, (416) 855-1928, Fax: (416) 640-1834