Christopher Cumming

November 09, 2009 20:02 ET

AutoCanada Investor Increases Position

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2009) - Christopher Cumming, of 4675 West 6th Avenue, Vancouver, B.C., announced that earlier today he acquired ownership of 144,100 Units of AutoCanada Income Fund, representing approximately 1.4 per cent of the issuer's issued and outstanding Units. Following this acquisition, Mr. Cumming directly owns 1,195,100 Units or approximately 11.3 per cent of the outstanding Units of the issuer.

The Units were acquired for investment purposes through the Toronto Stock Exchange for cash at an average per unit price of $3.50. Mr. Cumming intends to evaluate these holdings and to increase or decrease these investments in the Fund as circumstances warrant.

Mr. Cumming is not currently a party to any agreement in respect of the acquisition, holding, disposition or voting of any securities of the Fund, and is not currently a joint actor with any other person with respect to the Fund.

A report relating to this acquisition will be filed with the securities regulator in each jurisdiction where the Fund is a reporting issuer.

For more information, or to obtain a copy of the related report, please contact Christopher Cumming.

Contact Information

  • Christopher Cumming