Wajax Income Fund Announces Closing Of Secondary Offering.
MISSISSAUGA, Ontario For the First Nation, see .
Mississauga (pronounced: [ˌmɪsɪˈsɑgə] -- Wajax Income Fund ("Wajax" or the "Fund") (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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TSX True Space Extension :WJX.UN) today announced the closing of a secondary offering of trust units by a wholly-owned subsidiary of Empire Company Limited ("Empire"). The secondary offering of 2.5 million units was completed at a price of $19.25. Empire has also granted the underwriters an option to purchase an additional 375,000 units for the purpose of covering over-allotments, which option expires on July 21, 2005. The Fund will not receive any proceeds from the sale of the offered units. If the over-allotment option is exercised, Empire will hold 4,572,994 units of the Fund, representing 27.6% on fully-diluted basis.
The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc. and which included BMO Nesbitt Burns This article or section is written like an .
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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.
Wajax Income Fund will make its initial cash distribution on August 22, 2005 to unitholders of record on July 29, 2005. It is expected that the Fund will have an initial annual distribution of $2.20 per unit.
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 and Wajax does not assume any obligation to update or revise them to reflect new events or circumstances.
Wajax Income Fund (TSX:WJX.UN)