Innergex Announces Closing Of Strategic Combination


Innergex Power Income Fund and Innergex Renewable Energy Inc. have announced the closing of the strategic combination of the fund and Innergex by way of a plan of arrangement. Pursuant to the arrangement, the fund acquired Innergex through a reverse take-over, thereby effecting at the same time a conversion into a corporation.

Each unitholder of the fund received 1.46 Innergex shares for each fund unit held and a distribution from the fund in the amount of C$0.07946 per fund unit.

The Superior Court of Quebec approved the arrangement on March 26.

SOURCE: Innergex Renewable Energy Inc.

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