The Futura Corporation

The Futura Corporation

December 06, 2006 17:20 ET

The Futura Corporation Invests in Hardwoods Distribution Income Fund

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 6, 2006) - The Futura Corporation ("Futura")(1) announces that it now owns 2,150,000 trust units in Hardwoods Distribution Income Fund (TSX:HWD.UN) ("Hardwoods"), representing approximately 14.92% of the total outstanding trust units of Hardwoods, and 11.94% of the voting rights attached to all issued and outstanding securities of Hardwoods.

The purchase of the trust units in Hardwoods was made through the facilities of the Toronto Stock Exchange for investment purposes. Futura may from time to time acquire additional trust units of Hardwoods, dispose of some or all of the existing or additional trust units of Hardwoods, or continue to hold the trust units of Hardwoods in the normal course of Futura's investment activities, subject to applicable securities laws.

About Futura

The Futura Corporation is a Vancouver, British Columbia based private asset management and investment company. Futura has interests in numerous private and public companies, and specializes in the building materials sector.

(1) Amar Doman, principal of Futura, owns certain of these shares directly.

Contact Information

  • The Futura Corporation
    Amar S. Doman
    President and CEO
    (604) 608-6600