Stock Name: WEQ.UN
Amount: CAD 0.05
Announcement Date: 21/09/2011
Record Date: 28/09/2011
Dividend Detail:
VANCOUVER, Sept. 21, 2011 /CNW/ - WesternOne Equity Income Fund
("WesternOne Equity") (TSX: WEQ.UN, WEQ.DB.B and WEQ.DB.C) today
announced that its Board of Trustees has approved a cash distribution
of $0.05 per trust unit for the month of September, 2011 (equivalent to
$0.60 per trust unit on an annualized basis). This distribution will be
paid on October 17, 2011 to unitholders of record at the close of
business on September 30, 2011.
In addition, WesternOne Equity announced that during August 2011, 66,704
trust units were issued at $5.25 per trust unit in connection with the
conversion of $346,000 principal amount in Convertible Unsecured
Subordinated Debentures (plus accrued interest). As at August 31, 2011,
WesternOne Equity had 16,959,006 trust units, $23,362,000 principal
amount of the Convertible Unsecured Subordinated Debentures and
$86,250,000 principal amount of the Extendible Convertible Series 2
Unsecured Subordinated Debentures outstanding.
The policy of WesternOne Equity is to pay cash distributions on or about
the 15th day of each month to unitholders of record on the last
business day of the preceding month.
About WesternOne Equity
WesternOne Equity seeks to acquire businesses in the sector of
construction and infrastructure services in order to generate stable
and growing distributions to its unitholders as well as to achieve
overall capital appreciation.
Additional information about WesternOne Equity is available at www.weq.ca or www.sedar.com
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
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