Annual and Special Meeting of Unitholders to be held on May 12, 2008
MONTREAL, April 7 /CNW Telbec/ - TransForce Income Fund (TSX: TIF.UN) ("TransForce" or the "Fund"), the leader in the Canadian transportation and logistics industry, announces that the Quebec Superior Court today issued an interim order in connection with TransForce's previously-announced plan of arrangement, which will result in the conversion of TransForce from an income fund to a corporation (the "Reorganization"). The interim order of the Court confirmed the calling of an annual and special meeting of unitholders of the Fund and a special meeting of shareholders of TFI Holdings Inc., an affiliated corporation, for the purpose of considering the Reorganization.
The two meetings will be held in Laval, Quebec on May 12, 2008. A management proxy circular of the Fund and TFI Holdings Inc. will be mailed to unitholders of the Fund and shareholders of TFI Holdings Inc. shortly. A copy of the circular will also be available under the Fund's profile on SEDAR at www.sedar.com.
The Reorganization is subject to receipt of all required court and regulatory approvals and approval by at least 66 2/3% of the votes cast by unitholders of the Fund and by at least 66 2/3% of the votes cast by shareholders of TFI Holdings Inc., other than affiliates of the Fund.
The interim order provides that should the Reorganization be approved by the required majorities, the Fund will appear before the Court in order to obtain a final order at 9:15 a.m. on May 14, 2008, in Room 16.12 of the Palais de justice, 1 Notre-Dame Street East, Montreal, Quebec. A notice of presentation of the final order will be annexed as a schedule to the management proxy circular.
Profile
TransForce Income Fund (www.transforce.ca) is the leader in Canada's transportation and logistics industry. Headquartered in Montreal, Quebec, the Fund's objective is to create value for unitholders through managing and investing in a growing network of wholly-owned, independent operating subsidiaries. TransForce provides a comprehensive and unique combination of capabilities, resources and geographical coverage in both domestic and trans-border markets. Its companies currently operate in five well-defined business segments:
- Less Than Truckload; - Package and Courier; - Specialized Services, which includes its ancillary transportation services such as logistics, warehousing & dedicated services, fleet management & personnel services, oilfield & oil sand services, and waste management; - Specialized Truckload; and - Truckload.
TransForce's trust units (TIF.UN) are listed on the Toronto Stock
Exchange and are included in the S&P/TSX Composite Index.
%SEDAR: 00018303EF