Business
CML HEALTHCARE INCOME FUND UNITHOLDERS APPROVE CONVERSION TO A CORPORATE STRUCTURE
CML HEALTHCARE INCOME FUND UNITHOLDERS APPROVE CONVERSION TO A CORPORATE STRUCTURE
About this update from Christina Lake Cannabis Corp
[{"type":"text","content":"\n\n\n\n Dec. 1, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/Not for distribution to United States newswire services or for\n dissemination in the United States/ \n\n\nToronto Stock Exchange Symbol: CLC.UN\n\n\nMISSISSAUGA, ON, Dec. 1 /CNW/ - CML HealthCare Income Fund (TSX: CLC.UN)\n (the "Fund") is pleased to announce that at its special meeting of Unitholders\n held today in Toronto, the Fund's Unitholders approved the previously\n announced plan of arrangement (the "Arrangement") to convert the Fund\n from an income trust structure to a corporate structure.  At the same\n meeting, the Fund's unitholders also approved the creation of a new\n common share option plan, as outlined in the management information\n circular for the special meeting.  The resolutions for these matters\n were adopted by a vote of 99.8% and 96.9%, respectively.\n\n\nThe hearing to obtain the final order of the Ontario Superior Court of\n Justice to approve the Arrangement is scheduled for December 6, 2010. \n If the final order is received, as currently anticipated, the Fund\n expects to close the Arrangement and convert to a corporation effective\n January 1, 2011.  Upon completion of the Arrangement, the Fund's\n unitholders will have effectively received, for each unit of the Fund\n held, one common share of the resulting public corporation, CML\n HealthCare Inc.\n\n\nThe common shares of the resulting public corporation, CML HealthCare\n Inc., have bee...