10 More Partnerships Vote to Accept Journey's End Liquidity Program.MISSISSAUGA Mississauga (mĭsĭsaw`gə), city (1991 pop. 463,388), S Ont., Canada, 12 mi (20 km) W of Toronto on Lake Ontario. A residential suburb of Toronto and a growing transportation and industrial center, it is one of Canada's fastest-growing , ONTARIO--(BUSINESS WIRE)--Nov. 19, 1997-- Journey's End For other uses see Journey's End (disambiguation) Journey's End is the seventh and most famous play by R. C. Sherriff.[1] First performed in 1928, it is set in the trenches at Saint-Quentin, France, in 1918, and gives a brief glimpse into the experiences of Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :JEM.) Journey's End Corporation announced the results of the ten extraordinary meetings held on Tuesday Tuesday: see week. , November 18, 1997 to vote on its liquidity program. In all ten meetings, limited partners voted in favour of the Journey's End liquidity program by a very large margin. After the first two days of voting, all 19 partnerships that held meetings have voted to accept the Journey's End program, and in a majority of the meetings, more than 90 per cent of limited partners voted in favour. The 19 partnerships represent 27 properties. Voting on the remaining partnerships will continue through Friday, November 21, 1997. Daily updates of the extraordinary meetings will continue to be provided via news release, and a more comprehensive release will be made at the conclusion of the last meeting on Friday. "We are very pleased and gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the liquidity program we put before limited partners has been meeting with their approval," said Terrance Ortt, President and Chief Executive Officer of Journey's End Corporation. "The Limited Partner Advisory Board, which was elected by limited partners, was instrumental in helping us design a liquidity program that provides the flexibility and tax efficiency that limited partners need." The liquidity options offered include cash, Journey's End shares, a combination of the two, or the opportunity to retain their limited partnership interests. Journey's End Corporation, Canada's largest fully integrated hospitality company, is involved in the management, franchising and ownership of hotels. The Corporation trades on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the stock symbol JEM. The Corporation plans to change its name to UniHost Corporation in the fourth quarter of 1997. CONTACT: Journey's End Corporation Carolyn Quick, 905/624-7788 |
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