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Abstract
Armtec Infrastructure Income Fund ("Armtec", or "the Fund") (TSX:ARF.UN) today announced that it has entered into an agreement with a syndicate of underwriters co-led by Scotia Capital Inc. and BMO Capital Markets under which the underwriters have agreed to buy 40,000 convertible unsecured subordinated debentures ("Debentures") of the Fund at a price of $1,000 per Debenture, representing an aggregate issue of $40,000,000 principal amount of debentures (the "Offering"). The Offering is expected to close on or about June 30, 2010 and is subject to regulatory and stock exchange approvals.
This news release may contain "forward-looking" statements within the meaning of applicable securities legislation which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Fund or industry results, to be materially different from any future results, events, expectations, performance or achievements expressed or implied by such forward-looking statements. All such forward-looking statements are made pursuant to the "safe harbour" provisions of applicable Canadian securities legislation. Forward-looking statements may include comments with respect to the Fund's objectives, strategies to achieve those objectives, expected financial results, the outlook for the Fund's business, the expected completion of the Offering and the Fund's expected use of proceeds. Forward-looking statements typically contain such words or phrases such as "may", "outlook", "objective", "intend", "estimate", "anticipate", "should", "could", "would", "will", "expect", "believe", "plan" and other similar terminology suggesting future outcomes or events. These statements reflect current expectations regarding future events and operating performance and are based on information currently available to the Fund's management.