Altus Group Income Fund

Altus Group Income Fund

August 17, 2009 12:55 ET

Altus Group Appoints The Honourable J. Trevor Eyton to its Board of Trustees

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2009) - Altus Group Income Fund ("Altus Group") (TSX:AIF.UN) announced today the appointment of The Honourable J. Trevor Eyton to its Board of Trustees.

"We are very pleased to welcome Trevor to the Board," said Harvey Naglie, Chairman. "His outstanding business acumen and extensive international experience will be invaluable to Altus as we embark on the next phase of our global growth plan. Trevor's appointment further underscores Altus' commitment to 'best in class' standards in all our activities including corporate governance."

As one of Canada's preeminent corporate officers, Trevor Eyton has vast experience in helping to guide a number of prominent organizations. His directorships include a seat on the board of Brookfield Asset Management Inc. where he has served since September 1979. He is also the Chairman of Ivernia Inc., Nayarit Gold Inc. and Silver Bear Resources Inc. Mr. Eyton is a Governor of the Canadian Olympic Foundation and serves as Honourary Chairman of Canada's Sports Hall of Fame.

Mr. Eyton is an Officer of the Order of Canada, Queen's Counsel for Ontario, and was a member of the Senate of Canada from September 1990 until July 2009.

About Altus Group Income Fund

Altus Group is the leading multidisciplinary provider of independent real estate consulting and professional advisory services worldwide. With a staff of over 1,500, Altus Group has a network of over 50 offices in 11 countries, including Canada, UK, Australia, Asia, USA and the Middle East. We operate four interrelated Business Units, bringing years of expertise together into one comprehensive platform: Research, Valuation and Advisory; Cost Consulting and Project Management; Realty Tax Consulting and Geomatics services. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.

Forward Looking Statements

Certain statements in this press release may constitute "forward-looking" statements, which involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Fund and its subsidiary entities, including Altus Group Limited Partnership, Altus Group Limited, Altus Group Advisory Services Limited, Altus Geomatics Limited Partnership, Physical Planning Technologies Ltd. and Altus UK Limited Liability Partnership or the industry, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements use words such as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in the Fund's publicly filed documents, including the Annual Information Form, dated March 31, 2009 (which are available on SEDAR at Those risks and uncertainties include: general state of the economy; ability to maintain profitability and manage growth; dependence on oil and gas sector; competition in the industry; revenue and cash flow volatility; credit risk; reliance on and retention of professionals; dependence on multi-residential market; integration of acquisitions; protection of intellectual property; weather; fixed-price and contingency engagements; performance of obligations / maintenance of client satisfaction; interest rate risk; currency risk; appraisal mandates; customer concentration; restrictions on potential growth; operating risks; risk of future legal proceedings; insurance limits; and legislative and regulatory changes. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Fund cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and, except in accordance with applicable law, the Fund assumes no obligations to update or revise them to reflect new events or circumstances. Additionally, the Fund undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Fund, its financial or operating results, or its securities.

Contact Information

  • Altus Group Income Fund
    Sayla Nordin
    VP, Communications and Investor Relations
    (416) 557-0939