COMPETITION WATCH: Transforce now included on S&P/TSX
MONTREAL, Que. — TransForce Income Fund has announced that its units have been included in the S&P/TSX Capped Income Trust Index.
TransForce units began trading as part of the index today after changes to the index were made effective on the close of business December 17, 2004.
“Inclusion in the S&P/TSX Capped Income Trust Index should be good news for TransForce investors,” said Alain Bdard, Chairman, President and Chief Executive Officer of TransForce Income Fund. “We believe that being included in the index will increase the visibility and trading of the Fund’s units.”
The S&P/TSX Capped Income Trust Index is a broad-based composite index which may include all Global Industry Classification Standard sectors of the income trust marketplace. Income trusts that qualify for inclusion must derive their distribution income from actual operating entities. Individual income trusts in the index will have their relative weights capped at 25%. The number of trusts in the index is not fixed.
Profile TransForce Income Fund (www.transforce.ca), headquartered in Montreal, Quebec, was created in September 2002. The Fund invests in a growing network of wholly-owned, independent operating subsidiaries that provide transport and logistics services.
TransForce’s wholly-owned subsidiaries operate in four business segments: Less Than Truckload and Parcel Delivery; Truckload; Specialized Truckload; and Specialized Services, which includes logistics and fleet management, customs brokerage and bonded warehousing.
TransForce’s trust units (TIF.UN) are listed on the Toronto Stock Exchange.
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