HOOPP announces that it is ceasing to file reports under Part 4 of National Instrument 62-103 in respect of Teranet


    TORONTO, Sept. 8 /CNW/ - Hospitals of Ontario Pension Plan ("HOOPP")
announces that it is currently investigating its options in respect of its
holdings in Teranet Income Fund (the "Fund"), which options may include
negotiating with the Fund to make an offer to acquire the outstanding units of
the Fund. Consequently, HOOPP is ceasing to file reports under Part 4 of
National Instrument 62-103 - The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues for the Fund. HOOPP currently holds
15,941,286 units of the Fund (constituting approximately 10.3% of all
outstanding units of the Fund, assuming the exchange of Class B LP units of
Teranet Holdings Limited Partnership into units of the Fund).
    In connection with its review of the Fund, HOOPP has entered into a
confidentiality agreement with the Fund which provides, among other things,
and subject to certain exceptions, that for a period of eighteen months, HOOPP
will not, without the Fund's consent, acquire or agree to acquire any units of
the Fund, propose or enter into a business combination or other transaction
involving, or purchase a material portion of the property or assets of, the
Fund, solicit proxies to vote or seek to influence any person with respect to
the voting of units of the Fund, or seek to change, control or influence
management, the trustees or the policies of the Fund.

For further information:

For further information: Andy Moysiuk, Managing Partner, HOOPP Capital
Partners, Hospitals of Ontario Pension Plan at 1 Toronto Street, Suite 1400,
Toronto, Ontario, M5C 3B2, (416) 369-9212

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