Arnhold and S. Bleichroeder Advisers, LLC

March 26, 2007 09:45 ET

Arnhold and S. Bleichroeder Advisers Announces 5.25% Interest in Clean Power Income Fund

NEW YORK, NEW YORK--(CCNMatthews - March 26, 2007) - Arnhold and S. Bleichroeder Advisers, LLC announced today that accounts and funds managed by it currently hold 1,858,300 units (approximately 5.25% of the total outstanding) of Clean Power Income Fund. Of those units, 876,400 were acquired since March 16, 2006, the date on which Algonquin Power Trust made an offer to purchase all of the outstanding units of Clean Power Income Fund.

All of the units of Clean Power Income Fund currently held by the Arnhold and S. Bleichroeder Advisers accounts and funds were acquired through the Toronto Stock Exchange.

The securities referred to above were acquired for investment purposes. Arnhold and S. Bleichroeder Advisers, LLC may make additional purchases of such securities in the future, also for investment purposes.

Contact Information

  • Arnhold and S. Bleichroeder Advisers, LLC
    Mark Goldstein
    General Counsel
    (212) 698-3000