Wajax Income Fund Announces Closing Of Secondary Offering.
The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc. and which included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Sprott Securities Inc., Canaccord Capital Corporation and Desjardins Securities Inc.
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 and the western United States. 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 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)
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|Date:||Jun 21, 2005|
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