TORONTO, May 5 /PRNewswire-FirstCall/ -- Cinram International Inc. ("Cinram" or the "Company") (TSX: CRW) and Cinram International Income Fund (the "Fund") (TSX: CRW.UN) announced today the successful completion of the reorganization of Cinram into the Fund by way of Plan of Arrangement. The units of the Fund will commence trading on the Toronto Stock Exchange on Monday, May 8, 2006.
Pursuant to the Plan of Arrangement, the Fund will issue 52,321,773 units and, to those shareholders who elected to receive them, 4,990,854 Class B limited partnership units.
About Cinram
Cinram International Inc. is the world's largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram manufactures and distributes pre-recorded DVDs, VHS video cassettes, audio CDs, audio cassettes and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. For more information, visit our Web site at http://www.cinram.com/.
Certain statements included in this release constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or results of the multimedia duplication/ replication industry, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, among others, the following: general economic and business conditions, which will, among other things, impact the demand for the Company's products and services; multimedia duplication/replication industry conditions and capacity; the ability of the Company to implement its business strategy; the Company's ability to retain major customers; the Company's ability to invest successfully in new technologies and other factors which are described in the Company's filings with the securities commissions.
