Arbutus Distributors Ltd.

December 15, 2008 19:23 ET

Arbutus Distributors Ltd.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2008) - Effective December 12, 2008, Arbutus Distributors Ltd. ("Arbutus") acquired ownership of 31,500 Class A voting trust units in the capital of Hardwoods Distribution Income Fund (the "Class A Units"), representing approximately 0.2186% of the issued and outstanding Class A Units. The Class A Units were acquired by Arbutus through the Toronto Stock Exchange at a price of $0.8952 per Class A Unit. As a result of the acquisition of the Class A Units by Arbutus, Arbutus now owns 2,074,600 Class A Units, representing 14.3969% of the issued and outstanding Class A Units after giving effect to the transaction.

Arbutus acquired the Class A Units for investment purposes only and it may increase or decrease its ownership position in the future.

Contact Information

  • Arbutus Distributors Ltd.
    Information inquiries
    (604) 682-2911
    (604) 682-2729 (FAX)