Business
Chemtrade Announces Formation of Soliciting Dealer Group for its Offer to Purchase Chemtrade Electrochem Inc. (formerly Canexus Corporation) Convertible Debentures in Exchange For New Chemtrade Convertible Debentures
Chemtrade Announces Formation of Soliciting Dealer Group for its Offer to Purchase Chemtra...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\n\nChemtrade Announces Formation of Soliciting Dealer Group for its Offer to Purchase Chemtrade Electrochem Inc. (formerly Canexus Corporation) Convertible Debentures in Exchange For New Chemtrade Convertible Debentures\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Aug. 14, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, Aug. 14, 2017 /CNW/ - Chemtrade Logistics Income Fund (TSX:CHE.UN) (\"Chemtrade\" or the \"Fund\") announced today that it is forming a soliciting dealer group and has engaged BMO Nesbitt Burns Inc. (\"BMO Capital Markets\") to act as dealer manager, to solicit acceptances in favour of its previously announced offers to purchase (i) all of the outstanding 6.00% Convertible Unsecured Subordinated Series V Debentures due December 31, 2020 of Chemtrade Electrochem Inc. (formerly Canexus Corporation) (the \"CEI Series V Debentures\") (such offer, the \"Series V Offer\"), and (ii) all of the outstanding 6.50% Convertible Unsecured Subordinated Series VI Debentures due December 31, 2021 of Chemtrade Electrochem Inc. (the \"CEI Series VI Debentures\" and together with the CEI Series V Debentures, the \"CEI Debentures\") (such offer, the \"Series VI Offer\" and together with the Series V Offer, the \"Offers\").\n\nBMO Capital Markets has undertaken to form and manage a soliciting dealer group comprised of members of the Investment Industry Regulatory Organization of Canada and the Toronto Stock Exchange for the purpose of soliciting acceptances of the Offers from holders of CEI Debentures in Canada. \n\nThe Fund has agreed to pay to each soliciting dealer (i) a solicitation fee of $5.00 per CEI Series V Debenture (with a principal amount of $1,000) beneficially held by a retail holder deposited through such soliciting dealer and acquired by the Fund pursuant to the Series V Offer, and (ii) a solicitation fee of $5.00 per CEI Series VI Debenture (with a principal amount of $1,000) beneficially held by a retail holder deposit...