Business
Ten Peaks Coffee Company (Formerly Swiss Water Decaffeinated Coffee Income Fund) Announces Completion of Conversion to Corporation
Jan. 4, 2011 (Canada NewsWire Group) -- Ten Peaks Coffee Company Inc. TRADING SYMBOL: The T...
About this update from Swiss Water Decaffeinated Coffee, Inc.
[{"type":"text","content":"\r\n\r\n\r\n\r\n Jan. 4, 2011 (Canada NewsWire Group) -- \r\n\r\n#ReleaseContent TABLE\r\n{\r\n BORDER-COLLAPSE: collapse\r\n}\r\nTR.cnwUnderlinedCell TD\r\n{\r\n BORDER-BOTTOM: #000000 1px solid\r\n}\r\nTR.cnwDoubleUnderlinedCell TD\r\n{\r\n BORDER-BOTTOM: #000000 3px double\r\n}\r\nTR.cnwBoldUnderlinedCell TD\r\n{\r\n BORDER-BOTTOM: #000000 3px solid\r\n}\r\nTD.cnwUnderlinedCell\r\n{\r\n BORDER-BOTTOM: #000000 1px solid\r\n}\r\nTD.cnwDoubleUnderlinedCell\r\n{\r\n BORDER-BOTTOM: #000000 3px double\r\n}\r\nTD.cnwBoldUnderlinedCell\r\n{\r\n BORDER-BOTTOM: #000000 3px solid\r\n}\r\n#ReleaseContent TABLE.cnwBorderedTable TD\r\n{\r\n BORDER-RIGHT: black 1px solid;\r\n PADDING-RIGHT: 2px;\r\n BORDER-TOP: black 1px solid;\r\n PADDING-LEFT: 2px;\r\n PADDING-BOTTOM: 2px;\r\n BORDER-LEFT: black 1px solid;\r\n PADDING-TOP: 2px;\r\n BORDER-BOTTOM: black 1px solid;\r\n BORDER-COLLAPSE: collapse\r\n}\r\n#ReleaseContent TABLE TD\r\n{\r\n PADDING-RIGHT: 2px;\r\n PADDING-LEFT: 2px;\r\n PADDING-BOTTOM: 2px;\r\n PADDING-TOP: 2px\r\n}\r\n\r\n\r\nTen Peaks Coffee Company Inc.\r\nTRADING SYMBOL: The Toronto Stock Exchange - TPK\r\n\r\n\r\nVANCOUVER, Jan. 4 /CNW/ - Ten Peaks Coffee Company Inc. ("Ten Peaks" or\r\n "the Company") today announced that the plan of arrangement ("the\r\n arrangement") between Ten Peaks, the Swiss Water Decaffeinated Coffee\r\n Company Income Fund ("the Fund"), and Swiss Water Decaffeinated Coffee\r\n Company Inc. ("SWDCC") to effect the conversion of the Fund into a\r\n corporation has been completed. Accordingly, the Fund has been wound up\r\n into Ten Peaks, and SWDCC, which will continue to conduct the SWISS\r\n WATER® Process decaffeination business as before, has become a wholly\r\n owned subsidiary of Ten Peaks.\r\n\r\n\r\nTen Peaks is listed on the Toronto Stock Exchange and began trading\r\n today under the symbol (TPK). Ten Peaks is expected to pay an initial\r\n quarterly dividend to shareholders of $0.0625 ($0.25 per annum) per\r\n share, beginning with a dividend for the quarter ended March 31, 2011.\r\n\r\n\r\nUnitholders approved the conversion at a special meeting held on\r\n December 9, 2010, with 99.55% of votes cast in favour of the\r\n resolution. As part of the arrangement, unitholders of the Fund\r\n received one common share of Ten Peaks in excha...