CHEMTRADE LOGISTICS INCOME FUND COMPLETES REDEMPTION OF THE REMAINING 7.00% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES MATURING ON JUNE 30, 2028

Executive Summary

• Chemtrade Logistics Income Fund has completed the redemption of all remaining 7.00% Convertible Unsecured Subordinated Debentures maturing on June 30, 2028.
• The redemption involved an aggregate principal amount of $4,296,000, with holders receiving par value plus accrued and unpaid interest.
• The debentures (TSX: CHE.DB.H) have been de-listed from the Toronto Stock Exchange following the completion of the redemption.

Key Details

• Instrument Redeemed: 7.00% Convertible Unsecured Subordinated Debentures maturing June 30, 2028.
• Aggregate Principal Amount Redeemed: $4,296,000.
• Redemption Price: Approximately $1,034.712329 for each $1,000 principal amount, representing par value plus all accrued and unpaid interest to but excluding the redemption date.
• Prior Conversions: Since the announcement of the intention to redeem on May 21, 2026, the Fund issued a total of 1,651,738 units to satisfy prior conversions of the debentures.
• Units Outstanding: Approximately 112.6 million units issued and outstanding as of the date of the release.
• Exchange Status: The 2028 Debentures (TSX: CHE.DB.H) have been de-listed from the Toronto Stock Exchange.