Chemtrade Logistics Income Fund Proposes to Convert to Corporate Structure

MT newswire2026/10/09 15:17

11:17 AM EDT, 10/09/2026 (MT Newswires) -- Chemtrade Logistics Income Fund (CHE-UN.TO) on Friday said it is proposing to convert to a corporate structure from an income trust, to simplify its capital structure and expand its investor base. If the conversion is successful, unitholders will receive one share of the public company for each unit held. The transactions are expected to be completed on Dec. 18. The new shares will trade under the ticker symbol CHEM on the Toronto Stock Exchange, the company said. The fund's monthly distribution policy will continue for the calendar year 2026. From 2027, a quarterly dividend policy will be established, which will maintain the current annualized distribution rate, a statement said. "By focusing on operational excellence, disciplined commercial execution, and balance sheet optimization, Chemtrade today is a different company than it was several years ago. Our Vision 2030 framework is centered on building upon this foundation with a combination of organic and acquisition growth while delivering strong per unit returns," said Scott Rook, chief executive officer of Chemtrade. "As we continue to focus on delivering value to our unitholders and executing on our growth targets, we believe a corporate structure is better aligned with the company's long-term growth objectives. We believe the proposed conversion will provide additional flexibility and make it easier to access larger pools of capital, particularly outside of Canada, as we continue to invest in our operations and pursue organic and external growth opportunities," he added. Chemtrade units were last seen up CA$0.14 at CA$14.53 on the Toronto Stock Exchange. Price: 14.55, Change: +0.16, Percent Change: +1.11

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