Stephenson's Rental Services Income Fund
TSX : RNT.UN

Stephenson's Rental Services Income Fund

January 31, 2006 12:04 ET

Stephenson's Rental Services Income Fund Announces Appointment of Trustee

MISSISSAUGA, ONTARIO--(CCNMatthews - Jan. 31, 2006) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Stephenson's Rental Services Income Fund ("the Fund") (TSX:RNT.UN) announced today that Warren K. Walker has been appointed a Trustee of the Fund. With this appointment, the Fund's Board of Trustees will now be comprised of six members, four of whom are independent.

Mr. Walker was Head of Global Risk Management for Scotiabank, responsible for credit, market and operational risk management across all of the Bank's business lines. His extensive career with the bank includes his appointment as Senior Vice-President, Commercial Banking, Canada in 1992, Senior Vice-President, Ontario Region in 1996, responsible for the Bank's commercial and retail operations in the province, and Executive Vice-President, Retail Products and Marketing in 1999, where he was responsible for the Bank's personal loan, deposit, marketing, sales and service and insurance businesses. In addition, he led the build-out of the Bank's direct-to-customer, Internet and call centre operations with his appointment as Executive Vice-President, Electronic Delivery in 2000.

Mr. Walker holds a Master of Business Administration and a Bachelor of Commerce degree, both from McGill University.

"We are pleased to welcome Warren Walker to Stephenson's Board of Trustees," commented John Currie, Chairman. "He brings a solid finance and capital markets background to our Board, and we look forward to the many contributions he will make."

About Stephenson's:

Stephenson's is the leading general tool and equipment rental company in Toronto and the surrounding areas. Through its extensive branch network, Stephenson's provides rental equipment and sells related merchandise and new equipment to a diverse base of over 30,000 customers across new construction and renovation sectors. Stephenson's rents equipment across five categories: (i) general tools; (ii) light construction equipment; (iii) heavy construction equipment; (iv) heating equipment; and (v) scaffolding.

Further information can be found on the Fund's web site at www.stephensons.com and in the disclosure documents filed by with securities regulatory authorities available at www.sedar.com.

Certain statements in this press release may constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Fund to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada to which recipients of this press release are referred for additional information concerning the Fund, its prospects and the risks and uncertainties relating to the Fund and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund to be materially different from those contained in forward-looking statements. The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

Contact Information

  • Stephenson's Rental Services Income Fund
    William D. Swisher
    Chief Executive Officer
    (905) 507-3650
    www.stephensons.com