Strongco Income Fund

Strongco Income Fund

November 10, 2008 16:02 ET

Strongco Announces Appointment of David Wood As CFO

MISSISSAUGA, ONTARIO--(Marketwire - Nov. 10, 2008) - Strongco Income Fund (TSX:SQP.UN) announced today the appointment of J. David Wood as Chief Financial Officer. The appointment is effective as at December 15, 2008.

Mr. Wood is currently Chief Financial Officer with a publicly traded company. He is a Chartered Accountant with an Honours Bachelor degree from the University of Toronto.

Mr. Wood replaces Grant McCardle, who is leaving the company effective immediately.

"David's extensive experience managing the financial affairs of public companies, combined with his well established relationships with the investment community will serve Strongco well as we continue to build and grow the Fund for the future," said Robert Dryburgh, President and Chief Executive Officer of the Fund.

"While welcoming David to the Strongco team, I would also like to take the opportunity to thank Grant McCardle for his contribution to Strongco, and wish him well in his future endeavours."

About Strongco

Strongco Income Fund is a trust established to hold one of the largest multi-line industrial equipment distribution providers in Canada. Over 700 employees provide retail service at 24 branches located from Nova Scotia to Alberta. Strongco sells, rents and services mobile industrial equipment to sectors that include construction, road building, mining, forestry, utilities and municipalities. Strongco represents several leading equipment manufacturers including Volvo, Case, Manitowoc, Cedarapids and more.

Strongco Income Fund is listed on the Toronto Stock Exchange under the symbol SQP.UN.

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