Tree Island Wire Income Fund
TSX : TIL.UN

Tree Island Wire Income Fund

September 25, 2009 08:48 ET

Tree Island Announces Update to Convertible Debenture Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2009) -

NOT FOR DISTRIBUTION THROUGH U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Tree Island Wire Income Fund ("Tree Island" or the "Fund") (TSX:TIL.UN) announced today that the Fund continues to take steps towards completing the financing transactions announced in its press release dated August 13, 2009, including the non-brokered private placement component of its proposed convertible debenture financing, and will provide further updates as necessary.

Fund Profile

The Fund was launched on November 12, 2002, with the completion of an Initial Public Offering. The Fund has a 100% ownership interest in Tree Island Industries Ltd. (the "Company") and the Fund's performance depends entirely on the performance of the Company.

Tree Island Profile

Headquartered in Richmond, British Columbia, Tree Island Industries Ltd. produces wire products for a diverse range of construction, agricultural, manufacturing and industrial applications. Its products include bright wire, stainless steel wire and galvanized wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products, engineered structural mesh, fencing and other fabricated wire products. The Company markets these products under the Tree Island, TI Imports and HK Universe brand names. Tree Island also owns and operates a Hong Kong-based trading company that provides internationally sourced products to the Company and its customers worldwide.

Contact Information

  • Tree Island Wire Income Fund
    Ted Leja
    President and Chief Executive Officer
    (604) 524-3744
    tleja@treeisland.com
    or
    Tree Island Wire Income Fund
    Amar Doman
    Chairman of the Board
    (604) 608-6600
    www.treeisland.com