Business
Clarke Inc. announces increased investment in TerraVest Income Fund
Clarke Inc. announces increased investment in TerraVest Income Fund
About this update from Clarke Inc.
[{"type":"text","content":"\n\n\n\nJan. 21, 2010 (Canada NewsWire Group) -- HALIFAX, Jan. 21 /CNW/ -- Clarke Inc. (\"Clarke\") announces that it has acquired 460,800 units of TerraVest Income Fund (\"TerraVest\"), bringing its total holdings in TerraVest to 3,838,508 units, representing approximately 19.56% of the total outstanding units.The purchase of the TerraVest units by Clarke was made through the facilities of the Toronto Stock Exchange for investment purposes. Clarke paid consideration of $2.50 per TerraVest unit. Clarke may, from time to time, acquire additional units of TerraVest, dispose of some or all of the existing or additional units of TerraVest, or continue to hold the units of TerraVest in the normal course of Clarke's investment activities.About ClarkeHalifax-based Clarke Inc., led by an entrepreneurial team of investment professionals, is an activist and catalyst investment company that creates shareholder value by identifying businesses with the potential for improved performance, and working actively to uncover the value.Clarke's securities trade on the Toronto Stock Exchange (CKI, CKI.DB, CKI.DB.A); for more information about Clarke Inc., please visit our website at www.clarkeinc.com.Note on Forward Looking StatementsThis press release may contain or refer to certain forward-looking statements relating, but not limited to, Clarke's expectations, intentions, plans and beliefs with respect to Clarke. Often, but not always, forward-looking statements can be identified by the use of words such as \"plans\", \"expects\", \"does not expect\", \"is expected\", \"budget\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does not anticipate\", or \"believes\", or equivalents or variations, including negative variations, of such words and phrases, or state that certain actions, events or results, \"may\", \"could\", \"would\", \"should\", \"might\" or \"will\" be taken, occur or be achieved. Forward-looking statements include, without limitation, those made with respect to the purchase or disposition of TerraVest securities. Forward-looking statements rely on certain underlying assumptions that, if not realized, can result in such forward-looking statements not being achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Clarke to be material...