Gienow Windows & Doors Income Fund
TSX : GIF.UN

Gienow Windows & Doors Income Fund

October 31, 2007 15:36 ET

Gienow Windows & Doors Income Fund Completes Sale of Indirect Operating Businesses to Affiliates of H.I.G. Capital, LLC

CALGARY, ALBERTA--(Marketwire - Oct. 31, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. CITIZENS

Gienow Windows & Doors Income Fund (the "Fund") (TSX:GIF.UN) announced today that the Fund has completed the sale of the indirect operating businesses of the Fund to affiliates of H.I.G. Capital, LLC for an aggregate cash purchase price of approximately $183 million. The purchase having been completed, the units of the Fund will be delisted from the Toronto Stock Exchange at the close of trading on November 1, 2007 and those units will be redeemed for $4.20 in cash per unit on November 2, 2007. Following delisting and the redemption, the Fund will apply to cease to be a reporting issuer under applicable securities legislation.

As previously announced on October 22, 2007, the Fund's Board of Trustees has approved a cash distribution of $0.05 per Unit for the month of October, 2007 to Unitholders of record at the close of business on October 29, 2007, which will be paid on October 31, 2007.

Contact Information

  • Gienow Windows & Doors Income Fund
    Mike Lefroy
    President
    (403) 203-8200 or Toll Free: 1-800-297-6102
    or
    Gienow Windows & Doors Income Fund
    Mark Weder
    VP Finance and Chief Financial Officer
    (403) 203-8200 or Toll Free: 1-800-297-6102
    Email: invest@gienowincomefund.ca