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COMPETITION WATCH: Clarke Inc. starts year with investment gains of about $10 million

HALIFAX, NS -- Clarke Inc., a diversified investment holding company with considerable assets in freight transporta...


HALIFAX, NS — Clarke Inc., a diversified investment holding company with considerable assets in freight transportation and international shipping, is starting 2007 with three significant investment-related transactions.

Clarke has sold its 50% interest in the warehouse located at 225 Rexdale Boulevard, Toronto, Ontario, acquired in 2004 under a co-ownership arrangement with Kingsett Real Estate Growth LP No. 1, for an estimated gain before income taxes of approximately $5.7 million.

Clarke has also sold all of its subordinated voting shares in Spectra Premium Industries Inc. following that company’s privatization, contributing approximately $1.0 million of gain before income taxes.

Lastly, Clarke has redeemed its units in the Halterm Income Fund as part of Halterm’s acquisition by Macquarie Infrastructure Partners, which was announced in November 2006, for a gain before income taxes of approximately $3.4 million.

With the closing of these three transactions, Clarke’s total gains on investments are approximately $10 million before taxes.


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