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TORONTO, Jan. 25,
2022 /CNW/ - Chemtrade Logistics Income Fund (TSX:
CHE.UN) ("Chemtrade" or the "Fund") announced today
that it has completed the redemption of all of its outstanding
5.00% convertible unsecured subordinated debentures due
August 31, 2023 (the "2023
Debentures").
As part of the redemption, holders of the 2023 Debentures
received approximately $1,020.1370
for each $1,000 principal amount of
2023 Debentures, being equal to $1,000, plus all accrued and unpaid interest
thereon to but excluding the redemption date. The 2023 Debentures
(TSX: CHE.DB.C) have been de-listed from the Toronto Stock
Exchange.
About Chemtrade
Chemtrade operates a diversified business providing industrial
chemicals and services to customers in North America and around the world. Chemtrade
is one of North America's largest
suppliers of sulphuric acid, spent acid processing services,
inorganic coagulants for water treatment, sodium chlorate, sodium
nitrite, sodium hydrosulphite, and phosphorus pentasulphide.
Chemtrade is a leading regional supplier of sulphur, chlor-alkali
products, liquid sulphur dioxide and zinc oxide. Additionally,
Chemtrade provides industrial services such as processing
by-products and waste streams.
SOURCE Chemtrade Logistics Income Fund