Tuckamore Capital Management Inc. Announces Completion of Disposition Transactions
Get Alerts TX Hot Sheet
Join SI Premium – FREE
TORONTO, ONTARIO -- (Marketwired) -- 08/05/15 -- Tuckamore Capital Management Inc. (TSX: TX)(TSX: TX.DB.B) ("Tuckamore") announced today that its wholly owned subsidiary, Tuckamore Holdings LP ("Tuckamore Holdings"), has completed the sale of its 80% indirect interest in IC Group LP in accordance with a purchase agreement entered into on July 30, 2015. The 100% interest of Tuckamore Holdings in the general partner of IC Group LP was sold at the same time.
Tuckamore also announced the completion of the sale by Tuckamore Holdings of its minority interest in RLogistics LP (which operates under the name "factorydirect.ca").
The net aggregate proceeds from the transactions were used by Tuckamore to reduce outstanding senior indebtedness. Year to date, Tuckamore has repaid approximately $6,600,000 of its senior credit facility.
About Tuckamore:
Tuckamore (http://tuckamore.ca) has investments in five businesses representing a diverse cross-section of the Canadian economy.
Contacts: Tuckamore Capital Management Inc. Keith Halbert Chief Financial Officer 416-775-3796 [email protected]
Source: Tuckamore Capital Management Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ternium SA (TX) Tops Q1 EPS by 17c
- Composition of the Nomination Committee of Orion Corporation
- Dimensional Fund Advisors Ltd. : Form 8.3 - Irish Residential Properties REIT PLC
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!