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Canadian Equipment Rental Fund Limited Partnership Announces Appointment of Marc Mandin to Chief Operating Officer and Increase of Distribution to $0.16 per Unit
TSX Venture Symbol: CFL.UN CALGARY, March 24 /CNW/ - The board of directors of the general partne...
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[{"type":"text","content":"\n\n\n\nTSX Venture Symbol: CFL.UN\n\n\nCALGARY, March 24 /CNW/ - The board of directors of the general partner\nfor Canadian Equipment Rental Fund Limited Partnership (the "Partnership" or\n"CERFLP"), is pleased to announce that Mr. Marc Mandin, who is the current\ngeneral manager of the Partnership, will be appointed Chief Operating Officer\n("COO") effective April 1, 2008. The appointment will increase Mr. Mandin's\nresponsibility for overall operations, strategic planning and development. The\nboard congratulates Mr. Mandin on his excellent contributions as general\nmanager and looks forward to his future contributions as Chief Operating\nOfficer.\n\n\nThe board of directors of the general partner for Canadian Equipment\nRental Fund Limited Partnership (the "Partnership"), also is pleased to\nannounce that, as a result of continued strong financial performance for the\nfirst quarter of fiscal 2008, they have approved an increased cash\ndistribution to the Partnership unitholders of $0.16 per unit. If continued,\nthis will represent $0.64 per unit on an annualized basis. Payment will be\nmade on or about April 14, 2008, to unitholders of record as of the close of\nbusiness on March 31, 2008.\n\n\nInvestors are cautioned that future distributions are always subject to\napproval from the board of directors of the general partner and may be\nincreased, decreased or suspended by the board at any time.\n\n\nCERFLP is a Canadian limited partnership engaged in the rental, sale and\nservice of industrial and construction equipment. CERFLP trades on the TSX\nVenture Exchange under the symbol "CFL.UN" and currently has 5,748,025 units\nissued and outstanding.\n\n\nFORWARD LOOKING STATEMENTS\n\n\nThis press release contains forward looking statements subject to various\nrisk factors and uncertainties, which may cause the actual results,\nperformances, cash flows or the ability to pay distributions to be materially\ndifferent from the results, performances, cash flow or the ability to pay\ndistributions expressed or implied by such forward looking statements.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n","length":2305,"tagName":"div"}]