Rogers Sugar Income Fund

Rogers Sugar Income Fund
Rogers Sugar Inc.

Rogers Sugar Inc.

January 01, 2011 08:00 ET

Rogers Sugar Inc. Announces Completion of the Conversion of Rogers Sugar Income Fund

MONTRÉAL, QUÉBEC--(Marketwire - Jan. 1, 2011) - Rogers Sugar Inc. (the "Corporation") (TSX:RSI) announces today the successful completion of the previously announced conversion of Rogers Sugar Income Fund (the "Fund") to a corporate structure.

The Corporation now owns all of the outstanding common shares of Lantic Inc., whose business will continue to be carried on as it has prior to the conversion of the Fund. The management and trustees of the Fund are now the management and directors of the Corporation.

The common shares of the Corporation, together with its third series debentures and fourth series debentures will begin trading on the Toronto Stock Exchange on January 4, 2011 under the symbols "RSI", "RSI.DB.B" and "RSI.DB.C", respectively.

About Rogers Sugar Inc.

The Corporation is a corporation constituted under the laws of Canada. The Corporation holds all of the common shares of Lantic. Lantic operates cane sugar refineries in Montréal, Québec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic's sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada, and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups.

This document may contain forward-looking statements, relating to the Corporation's operations or to the environment in which it operates, which are based on the Corporation's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond the Corporation's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in other public filings. In addition, these forward-looking statements relate to the date on which they are made. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.

Contact Information

  • Lantic Inc.
    Mr. Daniel L. Lafrance
    Senior Vice-President Finance and Chief Financial Officer