Arriscraft International Income Fund

Arriscraft International Income Fund

September 12, 2005 17:10 ET

Arriscraft International Income Fund: Press Release

CAMBRIDGE, ONTARIO--(CCNMatthews - Sept. 12, 2005) - Randy White, President and CEO of Arriscraft International Limited Partnership, reported that he acquired 15,000 units of Arriscraft International Income Fund (TSX:AIN.UN)(the "Fund") representing approximately 0.21% of the outstanding units of the Fund. The units were acquired in an open market purchase on the Toronto Stock Exchange.

After the transaction, Mr. White owns 15,000 units and 1,030,000 restricted A units of the Fund representing approximately 10.9% of the outstanding voting securities of the Fund and when combined with the 55,000 units of the Fund owned by his spouse represent approximately 11.5% of the outstanding voting securities of the Fund. Mr. White does not have investment control over his spouse's units.

Mr. White and his spouse own the units for investment purposes. Mr. White and his spouse may in the future take such actions in respect of their holdings as they deem appropriate in light of the circumstances then existing, including the purchase of additional units of the Fund through open market purchases, or the sale of all or a portion of their holdings in the open market or in privately negotiated transactions to one or more purchasers. The restricted A units held by Mr. White are currently not convertible into units of the Fund and the restricted A units are non-transferable without the prior written consent of the trustees of the Fund.

Contact Information

  • Arriscraft International Limited Partnership
    Randy White
    875 Speedsville Road,Cambridge, Ontario, N3H 4S8
    (519) 653-3275