Tree Island Announces Correction to Date for Interest Payment on Debentures
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/24/12 -- Tree Island Wire Income Fund (the "Fund") (TSX: TIL.UN), with respect to the 10% second lien convertible debentures (TSX: TIL.DB) due November 26, 2014 (the "Debentures"), has been advised by its trustee for debenture holders that due to an administrative error the payment of interest in respect of the period July 1, 2012 to September 30, 2012 will be made on October 30, 2012 instead of October 31, 2012 as previously announced.
As such, debenture holders of record as at September 30, 2012 will be entitled to such payments on October 30, 2012. Payment of interest in cash on October 30, 2012 is subject to: (i) the Fund's ability to elect, under certain circumstances, to defer cash interest payments or pay such interest in additional Debentures in accordance with the trust indenture dated November 26, 2009 between the Fund and Valiant Trust Company, as Debenture Trustee; and (ii) prohibitions on cash interest payments under certain circumstances described in the subordination and intercreditor agreement dated November 26, 2009 among the Fund, certain of its affiliates, its senior lenders and the Debenture Trustee, both of which are available on SEDAR at .
Contacts:
Tree Island Industries Ltd.
Nancy Davies
Chief Financial Officer
(604) 523-4587
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Datum: 24.09.2012 - 06:30 Uhr
Sprache: Deutsch
News-ID 1153666
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contact information:
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VANCOUVER, BRITISH COLUMBIA
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Kategorie:
Venture Capital
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