TRIMAC INCOME FUND ANNOUNCES COURT GRANTS FINAL ORDER FOR CONVERSION AND ANNOUNCES DISTRIBUTION
Dec 13, 2010, 06:38 ET
CALGARY, Dec. 13 /PRNewswire-FirstCall/ - Trimac Income Fund (the "Fund") announced today that the Court of Queen's Bench of Alberta granted the final order approving the plan of arrangement authorizing the conversion of the Fund from a trust structure to a corporate structure. The anticipated closing of the transactions contemplated by the arrangement is January 1, 2011. Following closing, and subject to the satisfaction of all listing conditions, it is expected that trading of the Class A Shares of Trimac Transportation Ltd. on the Toronto Stock Exchange under the symbol TMA will commence on or about January 6, 2011.
The Fund also today declared a cash distribution of $0.04 per unit, to unitholders of record at the close of business on December 31, 2010. The distribution is for the month of December 2010 and is payable on January 17, 2011.
The Fund is an unincorporated, open-ended limited purpose trust created for the purpose of acquiring and holding an indirect interest in Trimac Transportation Services Limited Partnership ("Trimac").
Trimac is Canada's largest provider of bulk trucking services with operations from coast to coast. In addition, through its National Tank Services division, Trimac performs repairs, maintenance and tank-trailer cleaning services for both the Trimac fleet and for third party commercial customers. Trimac also provides third party transportation logistics services in Canada and the United States through its wholly owned subsidiary Bulk Plus Logistics. Trust units of Trimac Income Fund are traded on the Toronto Stock Exchange under the symbol TMA.UN.
SOURCE Trimac Income Fund
Share this article