Boralex Completes Acquisition Of Boralex Power Income Fund

Boralex Inc. has completed the payment for all of the trust units of Boralex Power Income Fund, which remained outstanding at the effective time of the combination announced on Nov. 1. As a result, the fund's securities have been delisted from the Toronto Stock Exchange.

Unit holders of the fund can elect to receive C$5 per unit in the form of cash or 6.75% convertible, unsecured subordinated debentures of Boralex, subject to proration in each case up to the maximum amount available.

SOURCE: Boralex Inc.

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