Altus Group Income Fund Underwriters to Exercise Over-Allotment Option.TORONTO -- Altus Group Income Fund (the "Fund")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AIF AIF Annual Information Form AIF Apoptosis-Inducing Factor AIF Agence Intergouvernementale de la Francophonie (French: Intergovernmental Agency for Francophony) AIF Australian Imperial Force .UN) today announced that the underwriters of the initial public offering of the Fund have notified the Fund of their intention to exercise the over-allotment option to acquire an additional 537,825 trust units at a purchase price of $10.00 per unit, for gross proceeds of $5,378,250. The over-allotment option is scheduled to close on Wednesday, June 8, 2005. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). will be used by the Fund to repay notes of Altus Group Limited Partnership issued to certain former securityholders of the Altus Group, the Helyar Group and Derbyshire Viceroy. After giving effect to the over-allotment and the transactions contemplated thereby, the Fund will indirectly own approximately 70% of the outstanding limited partnership units of Altus Group Limited Partnership. The Fund's units trade 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 symbol AIF.UN. The Fund is the leading independent multidisciplinary provider of real estate consulting and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal in Canada, provided by a staff of over 300 professionals from a national network of offices in 13 cities operating as Altus Helyar Valuation and Research, Altus Helyar Cost Consulting and Altus Derbyshire Realty Tax. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords. The units have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . Altus Group Income Fund (TSX:AIF.UN) |
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