Clarke Inc. announces investment in Avenir Diversified Income Trust

Thu Mar 27, 1:34 PM

TSX: CKI; CKI.DB; CKI.DB.A

HALIFAX, March 27 /CNW/ - Clarke Inc. ("Clarke") announces that it has acquired 545,100 units of Avenir Diversified Income Trust ("Avenir") bringing its total holdings in Avenir to 4,243,300 units representing approximately 10.16% of the total issued and outstanding units of Avenir.

The purchase of the Avenir units 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 Avenir, dispose of some or all of the existing or additional units of Avenir, or continue to hold the units of Avenir in the normal course of Clarke's investment activities.

About Clarke

Halifax-based Clarke Inc., led by an entrepreneurial team of investment professionals, is an activist and catalyst investment company that creates shareholder value by identifying businesses with the potential for improved performance, and working actively to uncover the value.

Clarke's securities trade on the Toronto Stock Exchange (CKI, CKI.DB, CKI.DB.A); for more information about Clarke Inc., please visit our website at www.clarkeinc.com.

Contacts

Melinda Lee
Vice President Investments
Clarke Inc.
(902) 442-3420
Fax: (902) 423-4001