Amalgamated Income Limited Partnership
TSX : AI.UN

Amalgamated Income Limited Partnership

March 21, 2006 19:18 ET

Amalgamated Income Limited Partnership Announces Closing and Expiry of Offer for Multi-Fund Income Trust

CALGARY, ALBERTA--(CCNMatthews - March 21, 2006) - Amalgamated Income Limited Partnership (TSX:AI.UN) ("Amalgamated LP") announces that a total of 1,152,835 units ("Units") of Multi-Fund Income Trust ("Multi-Fund"), representing approximately 17.9% of the issued and outstanding Units of Multi-Fund have been tendered under the previously announced offer (the "Offer") of Amalgamated LP, dated February 13, 2006, as amended February 23, 2006. A total of 140,120 Units were tendered in exchange for cash and 1,012,715 Units were tendered in exchange for Amalgamated LP units ("Amalgamated LP Units"). Amalgamated LP expects that 146,844 Amalgamated LP Units will be issued under the Offer. As all conditions of the Offer have been either met or waived, Amalgamated LP has instructed the depository for the Offer, Olympia Trust Company, to take up and pay for all validly deposited Units effective as of the expiry time of the Offer.

After taking up and paying for the tendered Units of Multi-Fund, Amalgamated LP will own 2,224,360 (approximately 34.5%) of the outstanding Units of Multi-Fund.

Amalgamated LP specializes in buying, holding and where appropriate selling securities with a view to profit. Amalgamated LP's main focus remains on buying mutual fund limited partnerships. Amalgamated LP units are listed on the Toronto Stock Exchange (AI.UN) and are RRSP eligible.

Contact Information

  • Amalgamated LP General Partner Ltd.
    The General Partner of Amalgamated LP
    Elias Foscolos, Chief Operating Officer
    (403) 265-6540 or Toll free in Canada 1-877-202-4717
    or
    Amalgamated LP General Partner Ltd.
    The General Partner of Amalgamated LP
    Bruce Warkentin, Chief Financial Officer
    (403) 265-6540 or Toll free in Canada 1-877-202-4717
    (403) 206-7185 (FAX)
    Email: info@aiun.ca
    Website: www.aiun.ca