VEGREVILLE, AB, Feb. 23, 2012 /CNW/ - The Board of Trustees (the
"Board") of TerraVest Income Fund ("Terravest") (TSX: TI.UN) today
announced that John Maynard, President and CEO of Terravest, will be
leaving the Fund effective today. Dale Laniuk has been appointed as
President and CEO of the Fund. Mr. Laniuk served as President and
Chief Executive Officer of the Fund prior to Mr. Maynard and has been a
trustee of the Fund since its inception.
On behalf of the Board, Dale Laniuk commented: "I would like to thank
John for his excellent service with Terravest over the last few years.
He showed great leadership and dedication to Terravest during his
tenure. I wish him all the best in the future."
The Fund has investments in two portfolio businesses:
RJV Gas Field Services ("RJV"), one of Canada's largest providers of
wellhead processing equipment for the natural gas industry in western
Diamond Energy Services ("Diamond"), a market leader in providing well
servicing to the oil and natural gas sector in south-western
SOURCE TerraVest Income Fund
For further information:
President and Chief Executive Officer