Rogers Sugar Income Fund
TSX : RSI.UN

Rogers Sugar Income Fund

December 29, 2009 08:37 ET

Rogers Sugar Income Fund Announces Automatic Repurchase Plan

MONTREAL, CANADA--(Marketwire - Dec. 29, 2009) - THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Rogers Sugar Income Fund (the "Fund") (TSX:RSI.UN) announced today that it has entered into an automatic repurchase plan with a broker in order to facilitate repurchases of its Trust Units (the "Units") under its normal course issuer bid previously announced and approved by the Toronto Stock Exchange ("TSX"). The Fund has filed with TSX an amended Notice to provide for the implementation of the automatic repurchase plan. The normal course issuer bid in respect of the Units commenced on December 7, 2009 and will terminate on December 6, 2010.

Under the Fund's automatic repurchase plan, the Fund's broker may repurchase Units under the normal course issuer bid at any time including, without limitation, when the Fund would ordinarily not be permitted to due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by the Fund's broker based upon the parameters prescribed by the TSX and applicable Canadian securities laws and the terms of the parties' written agreement. The Fund may suspend or terminate the automatic repurchase plan only if it does not have material non-public information and the decision to suspend or terminate the automatic repurchase plan is not taken during a self-imposed trading blackout period. The automatic repurchase plan constitutes an "automatic plan" for purposes of applicable Canadian securities legislation and has been precleared by the TSX. The automatic repurchase plan will be implemented effective as of January 4, 2010.

About Rogers Sugar Income Fund

The Fund is an open-ended, limited purpose trust established under the laws of the Province of Ontario. The Fund holds all of the common shares of Lantic Inc. Lantic Inc. operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic Inc.'s sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada, and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups.

Contact Information

  • Mr. Daniel L. Lafrance
    Senior Vice-President Finance
    and CFO of Lantic Inc.,
    Administrator of Rogers Sugar Income Fund
    514-940-4350