Innergex Announces Closing Of Strategic Combination

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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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