Premium Brands Income Fund

Premium Brands Income Fund
Pender West Investors Inc.

April 08, 2009 14:42 ET

Pender West Investors Inc. Announces Securityholdings in Premium Brands Income Fund at 14.4%

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2009) -

In accordance with Canadian regulatory requirements, Pender West Investors Inc. ("Pender West") announced today that it now controls, directly or indirectly, and exercises control and direction over 2,445,942 Units of the Premium Brands Income Fund ("Premium Brands") (TSX:PBI.UN), bringing its total holdings of Premium Brands' Units to approximately 14.4% of the issued and outstanding Units. Pender West had previously announced, on May 15, 2007, that it had holdings of 1,821,042 Units, or 10.4% of the outstanding Units of Premium Brands. The Units were acquired through two corporations related to Pender West, namely Rank Agra Capital Inc. ("Rank Agra") and EP Canada Film Services Inc. ("EP Canada"), through a series of transactions which occurred on October 20th, 2008 and in March of 2009. Pender West exercises control or direction over the Units of Premium Brands held by Rank Agra and EP Canada. The Units were acquired through the facilities of the Toronto Stock Exchange.

The securities of Pender West are held for investment purposes. Pender West's unitholdings may increase in the future based on the future acquisition of Units by Pender West.

Premium Brands owns a broad range of leading branded specialty food businesses with manufacturing and distribution facilities located in British Columbia, Alberta, Saskatchewan, Manitoba and Washington State. In addition, the Fund owns proprietary food distribution and wholesale networks through which it sells both its own products and those of third parties to approximately 25,000 customers. The Fund's family of brands include Grimm's, Harvest, McSweeney's, Bread Garden, Hygaard, Hempler's, Quality Fast Foods, Gloria's Fresh, Harlan's, Centennial Foodservice and B&C Foods.

Contact Information

  • Premium Brands Income Fund
    Bruce Hodge
    (604) 646-8283