Mr. Clayton Riddell

December 22, 2008 18:37 ET

Clayton Riddell: Acquisition of Trust Units of Newalta Income Fund

CALGARY, ALBERTA--(Marketwire - Dec. 22, 2008) - Further to disclosure requirements of applicable securities laws, Clayton Riddell (on his own behalf and on behalf of entities controlled by Mr. Riddell) reports that on December 22, 2008 he purchased 70,100 trust units ("Trust Units") of Newalta Income Fund ("Newalta") through the facilities of the Toronto Stock Exchange (the "Transaction"). Since December 8, 2008 (being the date of the last reported purchase of Trust Units), Mr. Riddell has acquired an additional 894,656 Trust Units of Newalta, representing 2.1% of the Trust Units of Newalta that are presently issued and outstanding. Upon completion of the Transaction, Mr. Riddell and his related entities will beneficially own and control 5,381,576 Trust Units or approximately 12.7% of the total issued and outstanding Trust Units of Newalta. Of these 5,381,576 Trust Units, an aggregate of 1,058,623 Trust Units are held by the Riddell Family Charitable Foundation. The Transaction was made for investment purposes. Mr. Riddell may increase or decrease his investment in Newalta depending on market conditions or any other relevant factors.

Contact Information

  • Mr. Clayton Riddell
    4700 Bankers Hall West
    888 - 3rd Street SW
    Calgary, Alberta T2P 5C5
    (403) 290-3600