Business
Richards Packaging Income Fund highlights changes to its Statement of Financial Position in connection with an Ontario Securities Commission ("OSC") staff review
Richards Packaging Income Fund highlights changes to its Statement of Financial Position i...
About this update from Richards Group Inc.
[{"type":"text","content":"\n\n\n\nRichards Packaging Income Fund highlights changes to its Statement of Financial Position in connection with an Ontario Securities Commission (\"OSC\") staff review\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Nov. 2, 2018\n\n\n\nTORONTO, Nov. 2, 2018 /CNW/ - Richards Packaging Income Fund (TSX: RPI.UN) (the \"Fund\") would like to bring to the attention of investors that in the third quarter financial statements released on October 31, 2018, as outlined in Note 2, the following retroactive corrective disclosure was requested by staff of the OSC in connection with a staff review.  The subtotals \"Working Capital\", \"Net Operating Assets\" and \"Capital\" were removed from, and two categories – \"Total Assets\" and \"Liabilities and Equity\" have been added to, the Statement of Financial Position.\nAbout Richards Packaging Income Fund\nThe Fund owns Richards Packaging Inc. (\"Richards Packaging\"), the leading packaging distributor in Canada, and third largest in North America.  Richards Packaging is a full-service packaging distributor targeting small- and medium-sized North American businesses.  Richards Packaging has operated since 1912 and currently serves over 14,000 regional companies from 18 locations throughout North America. \nSOURCE Richards Packaging Income Fund\n\n\n\nView original content: http://www.newswire.ca/en/releases/archive/November2018/02/c4282.html\n\n\n\n\nGerry Glynn, Chief Executive Officer, Richards Packaging Inc., (905) 670-7760, [email protected]; Enzio Di Gennaro, Chief Financial Officer, Richards Packaging Inc., (905) 670-7760, [email protected] CNW Group 2018","length":2768,"tagName":"div"}]