COMPETITION WATCH: Clarke Inc. announces investment in Hardwoods Distribution Income Fund

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HALIFAX, NS — Clarke Inc. has acquired 1,738,300 units of Hardwoods Distribution Income Fund (“Hardwoods”) representing approximately 12.06% of the total outstanding units of Hardwoods and approximately 9.65% of the voting rights attached to all issued and outstanding securities of Hardwoods.

Clarke Inc. is a diversified investment holding company with interests in freight transportation services, international shipping, real estate and information technology services.

Headquartered in Halifax, Nova Scotia, Clarke and its subsidiaries have offices across Canada, and provide direct employment for over 700 employees and contractors.

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