January 20, 2010 14:10 ET

TerraVest Income Fund Announces Resignation of Trustee

VEGREVILLE, ALBERTA--(Marketwire - Jan. 20, 2010) - The Board of Trustees of TerraVest Income Fund (TSX:TI.UN) today announced that it has accepted the resignation of Mr. George Armoyan as Trustee who is taking a leave of absence to attend to personal family matters.

Mr. Dale Laniuk, Chairman of the Board of Trustees said, "We thank George for his service and contributions to TerraVest. He brought a wealth of operating experience to the Fund and we greatly appreciate his commitment and dedication over the last few years. We wish him the best as he tends to his personal matters."

About the TerraVest Income Fund
TerraVest Income Fund (the "Fund") is an unincorporated, open-ended, limited purpose, mutual fund trust established under the laws of the Province of Alberta pursuant to a declaration of trust (the "Declaration of Trust") dated May 3, 2004. The Fund was established for the purpose of investing in a diversified group of income producing businesses located primarily in Canada.

The Fund has invested in six portfolio businesses:

  • RJV is one of Canada's largest providers of wellhead processing equipment for natural gas industry in western Canada. 
  • Ezee-on manufactures heavy-duty equipment for large acreage grain farms and livestock operations.
  • Stylus is one of Canada's leading made-to-order upholstered furniture manufacturers.
  • Don Park is one of Canada's leading manufacturers and suppliers of heating, ventilation and air conditioning products.
  • Diamond is a market leader in providing well servicing to the oil and natural gas sector in south-western Saskatchewan, with a presence in south-eastern Alberta.
  • Beco is one of Canada's largest designers, manufacturers and importers of home textile products.

Contact Information