News and HeadlinesTerraVest Income Fund Releases 2010 First Quarter Financial Results Vegreville, Alberta (May 12, 2010)– TerraVest Income Fund (TI.UN) today released its financial results for the three months ended March 31, 2010. For further information, please click here. TerraVest Income Fund Releases 2009 Annual Financial Results Vegreville, Alberta (March 23, 2010)– TerraVest Income Fund (TI.UN) today released its financial results for the fiscal year ended December 31, 2009. For further information, please click here. TerraVest Income Fund Sells Stylus Business Vegreville, Alberta (March 2, 2010) TerraVest Income Fund (the "Fund" – TI.UN) is pleased to announce that it has sold the assets of its Stylus furniture business ("Stylus") for $6.5 million, subject to customary working capital adjustments, to Stylus Sofas Inc., a corporation wholly-owned by Rick Ripoli, Dennis Ripoli and Derek Barichello, the current senior executives of Stylus and members of the family that founded the business. For further information, please click here. TerraVest Income Fund Announces Appointment of Trustees February 16, 2010 – The Board of Trustees of TerraVest Income Fund (TSX: TI.UN) today announced that it has appointed Mr. Rob Normandeau and Mr. Cecil Hawkins Trustees of the Fund and Directors of its administrator, TerraVest Industries Inc. For further information, please click here. TerraVest Income Fund Announces Resignation of Trustee January 20, 2010 – The Board of Trustees of TerraVest Income Fund (TSX: TI.UN) today announced that it has accepted the resignation of Mr. George Armoyan as Trustee who is taking a leave of absence to attend to personal family matters. For further information, please click here. TerraVest Income Fund Releases 2009 Q1 Financial Results November 3, 2009 – The Fund today released its financial results for the 2009 third quarter. For further information, please click here. Terravest Income Fund Announces New President and CEO, Chair and Lead Director October 6, 2009 – The Fund is pleased to announce today that John Maynard has been appointed as the new President and Chief Executive Officer of the Administrator of the Fund, TerraVest Industries Inc. For further information, please click here. TerraVest Income Fund Releases Q2 Financial Results The Fund today released its financial results for the 2009 second quarter. For further information, please click here. TerraVest Income Fund Announces Suspension of Distribution The Fund announces that in light of preliminary results for the quarter ended June 30, 2009, and in light of the continuing challenges facing our businesses as a result of current economic conditions, TerraVest’s trustees have decided effective today to suspend distributions indefinitely. The suspension of distributions will take effect with respect to the July 2009 distribution, which would have been paid in August 2009. The decision to suspend distributions was made to allow the company to conserve cash, reduce its debt levels and to position TerraVest to capitalize on future opportunities when the economy improves. For further information, please click here. TerraVest Income Fund Announces June 2009 Distribution The Fund announced today that it has declared a cash distribution of $0.0275 per Unit, effective with the distribution to be paid on July 15, 2009, to Unitholders of record on June 30, 2009. The ex-distribution date is June 26, 2009. For further information, please click here. |
Terravest at a Glance
TerraVest (TSX: TI.UN) is a publicly traded income trust with a portfolio of six diversified businesses. The Fund's stated objective is to provide stable and increasing cash returns to its unitholders. Its mandate is to build a diversified portfolio of high quality, mid-sized businesses for outstanding growth in per unit distributions and income stability. The Fund has invested in five businesses:
General criteria for new investments by TerraVest:
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