XS Cargo Income Fund

XS Cargo Income Fund

July 06, 2009 08:55 ET

XS Cargo Income Fund Announces Voluntary Delisting From Toronto Stock Exchange

EDMONTON, ALBERTA--(Marketwire - July 6, 2009) - XS Cargo Income Fund (the "Fund")(TSX:XSC.UN) today announced that as a result of the delisting review initiated by the Toronto Stock Exchange (the "TSX") the Fund has agreed to voluntarily delist from the TSX on or before August 4, 2009.

In order to ensure the continuous trading of the trust units of the Fund and an orderly transition to another stock exchange, it is the Fund's intention to proceed immediately with an application to have the trust units listed on either the TSX Venture Exchange, or such other stock exchange as may be approved by the Trustees of the Fund. Listing of the Fund's trust units on the TSX Venture Exchange or another stock exchange will be dependent on the Fund satisfying the minimum listing requirements of such exchange and such other conditions to listing it may require.

Business of the Fund

The Fund owns a 51% indirect interest in XS Cargo Limited Partnership which operates 40 closeout retail stores in Alberta, British Columbia, Manitoba, Saskatchewan, Ontario, Newfoundland, Nova Scotia and New Brunswick.

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