Wajax Completes Plan Of Arrangement.TORONTO -- Wajax Limited ("Wajax") (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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TSX True Space Extension :WJX.UN) announced today the completion of its plan of arrangement resulting in the conversion of Wajax from a corporate entity into an income fund which indirectly owns substantially all of the existing assets and business of Wajax. The plan of arrangement, which was approved by shareholders on June 6, 2005, has received all necessary court and regulatory approvals. Pursuant to the plan of arrangement, common shares of Wajax were indirectly exchanged for units of Wajax Income Fund (the "Fund") on a one-for-one basis. Units of the Fund commenced trading today 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 "WJX.UN". The Fund intends to make its first distribution on August 22, 2005.
Wajax has three core distribution businesses engaged in the sale and after-sales parts and service support of mobile equipment, diesel engines and industrial components, through a network of over 100 branches across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. and the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River
Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . Its customer base spans natural resources, construction, transportation, manufacturing, industrial processing and utilities.
This news release contains forward looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. reflect management's current beliefs and are based on information currently available to management of Wajax. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof here·of
Formal or law of or concerning this
Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" and Wajax does not assume any obligation to update or revise them to reflect new events or circumstances.
Wajax Income Fund (TSX:WJX.UN)