Chemtrade Logistics Income Fund Enters Into New Automatic Securities Purchase Plan

Core Viewpoint - Chemtrade Logistics Income Fund is taking strategic steps to optimize its capital structure by redeeming convertible debentures and implementing an automatic securities purchase plan to manage its unit purchases effectively [2][3][4]. Group 1: Strategic Transactions - Chemtrade announced the redemption of all issued and outstanding 6.25% Convertible Unsecured Subordinated Debentures due August 31, 2027, as part of its strategy to reduce exposure to convertible debt [2]. - The Fund intends to commence substantial issuer bids for both the 2027 Debentures and 7.00% Convertible Unsecured Subordinated Debentures due June 30, 2028 [2]. Group 2: Automatic Securities Purchase Plan (ASPP) - A new automatic securities purchase plan has been established, allowing for unit purchases during predetermined blackout periods, subject to specific price and quantity parameters [3]. - The previous automatic securities purchase plan was terminated in connection with the new Offers, and the new plan will only be effective after the termination or expiry of the Offers [3][4]. Group 3: Company Overview - Chemtrade operates a diversified business providing industrial chemicals and services, being one of North America's largest suppliers of sulphuric acid and other chemical products [5]. - The company is also a leading producer of high purity sulphuric acid for the semiconductor industry and provides various industrial services [5].