News and Headlines

Terravest Income Fund Announces 2012 First Quarter Financial Results

Vegreville, Alberta (May 7th, 2012) - TerraVest Income Fund (TSX: TI.UN) announced today its first quarter results for 2012.

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Terravest Income Fund Announces 2011 Year End Financial Results

Vegreville, Alberta (March 5th, 2012) - TerraVest Income Fund (TSX: TI.UN) announced today its fourth quarter and full year results for 2011.

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TerraVest Income Fund Announces Senior Management Change

Vegreville, Alberta - February 23, 2012 - The Board of Trustees (the "Board") of TerraVest Income Fund ("Terravest") (TSX: TI.UN) today announced that John Maynard, President and CEO of Terravest, will be leaving the Fund effective today. Dale Laniuk has been appointed as President and CEO of the Fund. Mr. Laniuk served as President and Chief Executive Officer of the Fund prior to Mr. Maynard and has been a trustee of the Fund since its inception.

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TerraVest Income Fund Announces a Second Special Distribution

VEGREVILLE, ALBERTA (December 21, 2011) - TerraVest Income Fund (TSX: TI.UN) announced today that it has declared a second special cash distribution of $0.50 per unit of the Fund, to be paid on Wednesday, January 11th, 2012 to unitholders of record on Wednesday, January 4th, 2012. Previously, in June 2011, the Fund paid a first special distribution of $1.15 per unit.

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TerraVest Income Fund Announces The Sale of Beco Industries

VEGREVILLE, ALBERTA (December 08, 2011) - TerraVest Income Fund (TSX: TI.UN) announced today that Beco Industries Limited Partnership has sold its assets and operations to a corporation controlled by Richard Pinchuk, a former owner and President of Beco, and Larry Rinzler, Vice President of Beco.

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TerraVest Income Fund Announces 2011 Third Quarter Financial Results

VEGREVILLE, ALBERTA (November 09, 2011) - TerraVest Income Fund (TSX: TI.UN) announced today its results for the third quarter of 2011.

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TerraVest Income Fund Announces 2011 Second Quarter Financial Results

VEGREVILLE, ALBERTA (August 12, 2011) - TerraVest Income Fund (TSX: TI.UN) announced today its results for the second quarter of 2011.

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TerraVest Income Fund Announces Completion of New Credit Facility, A Special Distribution of $1.15 per Unit and Sale of Don Park USA

VEGREVILLE, ALBERTA (May 30, 2011) – TerraVest Income Fund (TSX: TI.UN) announced today that it has completed a new credit facility with HSBC Bank Canada, declared a special cash distribution of $1.15 per unit of the Fund and entered into an agreement for the sale of Don Park USA.

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TerraVest Income Fund Announces 2011 First Quarter Financial Results

VEGREVILLE, ALBERTA (May 13, 2011) – TerraVest Income Fund (TSX: TI.UN) announced today its results for the first quarter of 2011, the Fund�s first under International Financial Reporting Standards (IFRS).

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TerraVest Income Fund Releases 2010 Financial Results

Vegreville, Alberta (March 1, 2011) – TerraVest Income Fund (TI.UN) today released its financial results for the year ended December 31, 2010.

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TerraVest Announces Sale of Ezee-On

Vegreville, Alberta (February 7, 2011) – TerraVest Income Fund ("TerraVest" or the "Fund", TSX-TI.UN) announced today that TerraVest Industries Limited Partnership sold the assets and operations of Ezee-On Manufacturing ("Ezee-On") to a wholly-owned subsidiary of Buhler Industries Inc.

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TerraVest Announces Closing of Sale of Don Park and Provides Update on Strategic Direction

Vegreville, Alberta (December 20, 2010) – TerraVest Income Fund ("TerraVest" or the "Fund", TSX-TI.UN) announced today that its portfolio business, Don Park Limited Partnership ("Don Park"), closed the sale to RONA Inc. of the assets and operations of its Canadian business that manufactures and distributes HVAC and fire products for the residential, commercial, industrial and institutional markets ("Don Park Canada").

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TerraVest Income Fund Releases 2010 Third Quarter Financial Results

Vegreville, Alberta (November 11, 2010) – TerraVest Income Fund (TI.UN) today released its financial results for the 2010 third quarter.

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TerraVest Announces Sale of Don Park

Vegreville, Alberta (October 7, 2010) – TerraVest Income Fund (the "Fund", TSXTI. UN), announced today that its portfolio business, Don Park Limited Partnership ("Don Park") has reached a definitive agreement to sell to Rona Inc. the assets and operations of its Canadian business that manufactures and distributes HVAC, industrial plumbing and heating products and fire products for the residential, commercial, industrial and institutional markets. The transaction is expected to close before December 31, 2010 and is subject to approval from the Competition Bureau of Canada.

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Terravest at a Glance

TerraVest Income Fund holds interests in the following businesses:

RJV is one of the largest providers of wellhead processing equipment for the natural gas industry in western Canada.
Diamond is a market leader in providing well servicing to the oil and natural gas sector in south western Saskatchewan.

The Fund's management has been actively reviewing options for the maximization of value to the unitholders of their investment in the Fund. The board of trustees and management have also reviewed the future strategic direction of the Fund, and, as a result of this review, the board of trustees has determined that it is in the best interests of the Fund and its unitholders that management continue to evaluate a range of strategic alternatives, including possible liquidity events, aimed at enhancing unitholder value. Strategic alternatives may include, among other alternatives, a sale of one or more portfolio businesses or the assets thereof or a sale of all or a majority of the assets or units of the Fund, either in one transaction or in a combination of transactions, which could include a merger, recapitalization, arrangement, amalgamation or any combination thereof. The Fund’s trustees will also continue to consider options for converting the Fund from its current trust structure to a corporation in connection with the review of other strategic options for the Fund. At this time, in order to rely on rules enacted by the federal government that permit conversion on a tax-deferred rollover basis, if another strategic option or options are not approved or pursued, the conversion of the Fund to a corporation would be expected to be completed prior to December 31, 2012. The Fund has not set a definitive schedule to complete its evaluation and does not intend to disclose developments with respect to this process unless and until the evaluation has been completed or a definitive agreement has been reached.