TerraVest announces 2012 third quarter financial results and strong year to date results

About this update from Terravest Industries, Inc.

[{"type":"text","content":"\n\n\n\n\n\nVEGREVILLE, AB, Nov. 6, 2012 /CNW/ - TerraVest Capital Inc. (TSX: TVK) announced today the third quarter results for TerraVest Income Fund\n (the \"Fund\").\n\n\nAll references to \"TerraVest\" or the \"Corporation\" in this press release\n include TerraVest Capital Inc., the successor to the Fund following the\n conversion of the Fund from an income trust to a corporate entity\n (please see \"Corporate Conversion\" for further discussion), together\n with the Fund and its subsidiaries, as applicable, including the\n operations controlled and consolidated by them, unless otherwise\n indicated.\n\n\nCorporate Conversion\nSubsequent to the end of the quarter, TerraVest announced that effective\n October 31, 2012 it had completed the previously announced conversion\n of the Fund to a corporation called TerraVest Capital Inc. (the\n \"Corporation\") pursuant to a plan of arrangement (the \"Arrangement\")\n under the Business Corporations Act (Alberta).  The Arrangement was\n approved by a special resolution in writing of the unitholders of the\n Fund holding not less than 66 2/3% of the issued and outstanding Units\n of the Fund and is binding on all unitholders of the Fund.  Pursuant to\n the Arrangement, each unitholder of the Fund received one common share\n of the Corporation for each Unit held. After giving effect to the\n Arrangement there are 12,529,403 common shares of the Corporation\n issued and outstanding.  The new trading symbol for the Corporation's\n common shares is TVK on the Toronto Stock Exchange.\n\n\nEffective on the closing of the Arrangement and related transactions,\n the Corporation now owns the subsidiaries that operate the businesses\n that were held and operated by the Fund and its subsidiaries prior to\n the Arrangement.  As part of the Arrangement, the Fund was wound-up and\n dissolved, all of the assets of the Fund were transferred to the\n Corporation and the Corporation assumed all of the existing liabilities\n of the Fund.  The Trustees and Officers of the Fund prior to the\n Arrangement are now the Directors and Officers of the Corporation.\n\n\nFINANCIAL INFORMATION\nAll amounts in this news release are stated in thousands of Canadian\n dollars, except per Unit data.\nFor the three and nine months ended September 30, 2012, TerraVest\n reported:\n\n\n\n\n\n&#xA0...

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