Clarke Inc. announces that it has acquired 5,000 units in Oceanex Income Fund, bringing its total holdings in Oceanex to 877,450 units representing approximately 10.06% of the total outstanding units of Oceanex.
The purchase of the units of Oceanex by Clarke was made through the facilities of the Toronto Stock Exchange for investment purposes. Clarke may, from time to time, acquire additional units of Oceanex, dispose of some or all of the existing or additional units of Oceanex, or continue to hold the units of Oceanex in the normal course of Clarke's investment activities.
About Clarke
Clarke Inc. is the Halifax-based parent company of a number of wholly-owned operating companies and divisions, and is an activist catalyst investor with a diversified portfolio of strategic and opportunistic investments. Clarke's operating companies are in the transportation services business. From time to time, Clarke also participates in joint ventures when they offer the opportunity to create shareholder value.
Led by George Armoyan and an entrepreneurial team of professionals focused on uncovering and creating value, Clarke invests in undervalued businesses and participates actively where necessary to enhance performance and increase returns. In 2006 alone, Clarke delivered a shareholder return on investment, including dividends, of 33%. Clarke's securities trade on the Toronto Stock Exchange (CKI, CKI.DB, CKI.DB.A) -- www.cnxmarketlink.com
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