Canadian Helicopters Income Fund

Canadian Helicopters Income Fund

November 18, 2008 21:54 ET

Canadian Helicopters Income Fund Announces Automatic Securities Purchase Plan

MONTREAL, QUEBEC--(Marketwire - Nov. 18, 2008) - Canadian Helicopters Income Fund (TSX:CHL.UN) (the "Fund") announces today the implementation of an automatic securities purchase plan (the "Plan") in connection with its normal course issuer bid ("NCIB") announced on December 19, 2007. The Plan was established to provide standard instructions regarding how the Fund's ordinary units (the "Units") are to be purchased under the NCIB. Accordingly, the Fund may purchase its Units under the Plan on any trading day during the NCIB, including during self-imposed trading blackout periods.

The Plan will commence today and terminate on the earlier of (a) the limits on purchases under the NCIB being reached and (b) the date of termination of the NCIB. The Fund may otherwise vary, suspend or terminate the Plan only if it does not have material non-public information and the decision to vary, suspend or terminate the Plan is not taken during a self-imposed trading blackout period. The Plan constitutes an "automatic plan" for purposes of applicable Canadian securities legislation and has been precleared by the Toronto Stock Exchange.

About Canadian Helicopters Income Fund

Through Canadian Helicopters Limited, Canadian Helicopters Income Fund is the largest helicopter transportation services company operating in Canada and one of the largest in the world based on the size of its fleet. From over 40 base locations across Canada, Canadian Helicopters provides helicopter services to a broad range of sectors, including emergency medical services, infrastructure maintenance, utilities, oil and gas, forestry, mining and construction. In addition to helicopter transportation services, Canadian Helicopters operates three flight schools and provides third party repair and maintenance services. With over 60 years of experience, Canadian Helicopters is an industry leader in establishing safety standards and operating procedures.

Contact Information

  • Canadian Helicopters Income Fund
    Jean-Pierre Blais
    Canadian Helicopters Income Fund
    Don Wall
    Senior Executive Vice-President