News

13.06.2007

HF. EIMSKIPAFÉLAG ÍSLANDS AND VERSACOLD ANNOUNCE MAILING OF TAKE-OVER-BID CIRCULAR

The Board of Trustees of Versacold Income Fund (TSX:ICE.UN) (the “Fund” or “Versacold”) and Eimskip Holdings Inc., an indirect, wholly-owned subsidiary of HF. Eimskipafélag Íslands (“Eimskipafélag”), jointly announced today that Eimskipafélag has mailed to unitholders of the Fund a take-over bid circular dated June 12, 2007 and related documents in connection with its previously announced offer (the “Offer”) to acquire all of the outstanding units of the Fund at a purchase price of Cdn. $12.25 per unit in cash. Included in the package mailed to unitholders is the trustees’ circular prepared by the Fund’s Board of Trustees containing its unanimous recommendation that the Fund’s unitholders accept the Offer and tender their units the offer.