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TORONTO, June 30,
2023 /CNW/ - Chemtrade Logistics Income Fund (TSX:
CHE.UN) ("Chemtrade" or the "Fund") announced today
that it has completed the redemption of the remaining $101.115 million principal amount of its 4.75%
convertible unsecured subordinated debentures due May 31, 2024 (the "2024 Debentures").
As part of the redemption, holders of the 2024 Debentures
received approximately $1,003.9041
for each $1,000 principal amount of
2024 Debentures redeemed, representing their par value, plus all
accrued and unpaid interest thereon to but excluding the redemption
date. The 2024 Debentures (TSX: CHE.DB.D) 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 also the largest producer of high purity sulphuric
acid for the semiconductor industry in North America. 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.
Website: www.chemtradelogistics.com
SOURCE Chemtrade Logistics Income Fund