TerraVest announces 2012 year-end financial results, introduces quarterly dividend and announces change in year-end

About this update from Terravest Industries, Inc.

[{"type":"text","content":"\n\n\n\n\n\nVEGREVILLE, AB, March 6, 2013 /CNW/ - TerraVest Capital Inc. (TSX: TVK) is pleased to announce the financial results for the fiscal year ended\n December 31, 2012 and introduction of a quarterly dividend. TerraVest\n also announces a change in its year end from December 31 to September\n 30.\n\n\nAll references to \"TerraVest\" or the \"Corporation\" in this press release\n include TerraVest Capital Inc., the successor to TerraVest Income Fund\n (the \"Fund\") following the conversion of the Fund from an income trust\n to a corporate entity (please see \"Corporate Conversion\" for further\n discussion), together with the Fund and its subsidiaries, as\n applicable, including the operations controlled and consolidated by\n them, unless otherwise indicated.\n\n\nCorporate Conversion\n\n\nOn October 31, 2012, TerraVest announced that it had completed the\n previously announced conversion of the Fund to a corporation called\n TerraVest Capital Inc. pursuant to a plan of arrangement (the\n \"Arrangement\") under the Business Corporations Act (Alberta).  The\n Arrangement was approved by a special resolution in writing of the\n unitholders of the Fund holding not less than 66 2/3% of the issued and\n outstanding units of the Fund and was binding on all unitholders of the\n Fund.  Pursuant to the Arrangement, each unitholder of the Fund\n received one common share of the Corporation for each Unit held. The\n trading symbol for the Corporation's common shares is TVK on the\n 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\n\n\nAll amounts in this news release are stated in thousands of Canadian\n dollars, except per share or per unit data.\n\n\nFor the year ended December 31, 2012 TerraVest reported:\n\n\n \n\n\n \n\n\n \n\n\n&#x...

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