Stock Name: WEQ.DB.B
Amount: CAD 0.05
Announcement Date: 18/09/2012
Record Date: 26/09/2012
Dividend Detail:
VANCOUVER, Sept. 18, 2012 /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 2012 (equivalent to
$0.60 per trust unit on an annualized basis). This distribution will be
paid on October 15, 2012 to unitholders of record at the close of
business on September 28, 2012.
In addition, WesternOne Equity announced that during August 2012,
147,345 trust units were issued at $5.25 per trust unit in connection
with the conversion of $765,000 principal amount in Unsecured
Convertible Subordinated Debentures (plus accrued interest), and
269,647 trust units were issued at $7.50 per trust unit in connection
with the conversion of $1,999,000 principle amount in Extendible
Convertible Series 2 Unsecured Subordinated Debentures. As at August
31, 2012, WesternOne Equity had 20,817,803 trust units, $11,243,000
principal amount of the Unsecured Convertible Subordinated Debentures
and $84,231,000 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 and grow businesses in the
construction and infrastructure services sector 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.
SOURCE: WesternOne Equity Income Fund
For further information:
Andrew Greig, Manager of Investor Relations
WesternOne Equity Income Fund
Suite 910, 925 West Georgia Street
Vancouver, BC�� V6C 3L2
Phone: (604) 678-4042
E-mail:��agreig@weq.ca
www.weq.ca
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