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Press Releases

 
  • Friday, December 18, 2009 GENIVAR Income Fund Announces December Distribution and a One-time Special Distribution
    MONTREAL, Dec. 18 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from December 1 to December 31, 2009, will be paid on January 15, 2010 to unitholders of record at the close of business on December 31, 2009.Furthermore, the Fund is pleased to declare a one-time special cash distribution of $0.45 per Fund unit that will be paid on January 15, 2010 to unitholders of record at the close of business on December 31, 2009. This special distribution ensures that the Fund will not be liable to ...
  • Thursday, November 19, 2009 GENIVAR Income Fund announces November 2009 distribution
    MONTREAL, Nov. 19 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from November 1st to November 30, 2009, will be paid on December 15, 2009 to unitholders of record at the close of business on November 30, 2009.GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Tuesday, November 10, 2009 Third quarter yields strong results for GENIVAR Income Fund
    MONTREAL, Nov. 10 - GENIVAR Income Fund (the "Fund") announced today its financial and operating results (unaudited) for the third quarter of 2009. These results cover the period from June 28, 2009, to September 26, 2009. Highlights - For the third quarter of 2009, revenues rose to $125.4 million, up from $104.7 million, representing an increase of 19.9%. Net revenues were $101.2 million, compared to $85.8 million, an increase of 17.9% from 2008 to 2009. Organic growth accounted for 6.2% of this ...
  • Wednesday, November 4, 2009 GENIVAR Income Fund: Notice of 2009 Third Quarter Results and Conference Call
    MONTREAL, Nov. 4 - The GENIVAR Income Fund ("GENIVAR") will announce its 2009 third quarter results on November 10, 2009. A conference call will be held on the same day at 4:00 p.m. (Eastern Time) to discuss the results.To participate in the conference call:- Montreal region, dial 514-861-2909- Canada and United States, dial 1-877-695-6175Enter access code 8744835A presentation of the 2009 third quarter highlights and results will be available on the same day at: www.genivar.com in the Investor Relations section, under Presentations and events.The replay of the conference call will also be available in the Investor Relations section of the ...
  • Wednesday, October 21, 2009 GENIVAR Income Fund announces October 2009 distribution
    MONTREAL, Oct. 21 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from October 1 to October 31, 2009, will be paid on November 16, 2009 to unitholders of record at the close of business on October 31, 2009.GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Friday, October 16, 2009 GENIVAR Income Fund Announces Closing of $100 million Equity Financing
    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/MONTREAL, Oct. 16 -GENIVAR Income Fund (TSX:GNV.UN) ("GENIVAR" or the "Fund") announced today the closing of its previously announced public offering of 3,809,500 units of the Fund (the "Units") for gross proceeds of approximately $100 million (the "Offering"). The Offering will result in net proceeds to the Fund of approximately $95 million which will be used to repay the bank advances under GENIVAR's credit facilities and for working capital and general corporate purposes.The Units were offered through an underwriting syndicate led by ...
  • Friday, September 25, 2009 GENIVAR Income Fund Announces $100 Million Equity Financing
    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/MONTREAL, Sept. 25 - GENIVAR Income Fund (TSX:GNV.UN) ("GENIVAR" or the "Fund") today announced that it has agreed to issue 3,809,500 trust units (the "Units") from treasury of the Fund on a bought deal basis to a syndicate of underwriters led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc. The Units will be offered at a price of $26.25 per Unit. The gross proceeds of the offering to the Fund will be approximately $100 million and the Units will be offered ...
  • Monday, September 21, 2009 GENIVAR Income Fund announces September 2009 distribution
    MONTREAL, Sept. 21 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from September 1 to September 30, 2009, will be paid on October 15, 2009 to unitholders of record at the close of business on September 30, 2009.GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Tuesday, September 8, 2009 GENIVAR Income Fund acquires a Quebec-based building engineering firm
    MONTREAL, Sept. 8 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of 3477592 Canada Inc., doing business under the name Progemes Consultants (Progemes), a building engineering firm based in Longueuil, Quebec. "I am very happy that Progemes has joined forces with GENIVAR," said François Perreault, GENIVAR's Vice-President for Western Quebec. "Thanks to its full range of mechanical and electrical building engineering services, the firm will strengthen GENIVAR's current team in this discipline, including our green building centre of excellence. In addition to developing building sustainable development skills, Progemes has designed a number of buildings that require less ...
  • Wednesday, September 2, 2009 GENIVAR Income Fund Acquires Magnate, a Canadian Telecommunications Engineering Firm
    MONTREAL, Sept. 2 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Magnate Engineering & Associates Inc. and Magnate Communications Corp. ("Magnate"), a telecommunications engineering firm with 70 employees based in Ontario and British Columbia. "I am very pleased to welcome Magnate within the GENIVAR family," said Pierre Shoiry, GENIVAR's President and CEO. "Magnate will significantly strengthen and complement our telecommunications services while boosting our sector team to more than 200 employees in Canada. This strategic acquisition positions us as a key national player providing a full range of services, from engineering, design, site acquisition, project ...
  • Thursday, August 20, 2009 GENIVAR Income Fund announces August 2009 distribution
    MONTREAL, Aug. 20 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from August 1 to August 31, 2009, will be paid on September 15, 2009 to unitholders of record at the close of business on August 31, 2009. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Monday, August 10, 2009 GENIVAR Income Fund Announces Growth in Revenues and Earnings for the Second Quarter of 2009
    MONTREAL, Aug. 10 - GENIVAR Income Fund (the "Fund") announced today its financial and operating results (unaudited) for the second quarter of 2009. These results cover the period from March 29, 2009, to June 27, 2009. Highlights - For the second quarter of 2009, revenues were $120.0 million up from $97.3 million for the same period in 2008, representing an increase of 23.3%. Net revenues were $100.6 million compared to $80.9 million, an increase of 24.4% from 2008 to 2009. Organic ...
  • Monday, August 3, 2009 GENIVAR Income Fund: Notice of 2009 Second Quarter Results and Conference Call
    MONTREAL, Aug. 3 - The GENIVAR Income Fund ("GENIVAR") will announce its 2009 second quarter results on August 11, 2009. A conference call will be held on the same day at 4:00 p.m. (Eastern Time) to discuss the results. To participate in the conference call: Montreal region, dial 514-861-2909 Canada and United States, dial 1-877-695-6175 Enter access code 7283034 A presentation of the 2009 second quarter highlights and results will be available on the same day at: www.genivar.com in the Investor Relations section, under Presentations and ...
  • Wednesday, July 22, 2009 GENIVAR Income Fund announces July 2009 distribution
    MONTREAL, July 22 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from July 1 to July 31, 2009, will be paid on August 17, 2009 to unitholders of record at the close of business on July 31, 2009. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such ...
  • Monday, July 6, 2009 GENIVAR Income Fund increases its presence in Ontario by acquiring a firm based in Sault Ste.Marie
    MONTREAL, July 6 - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acquisition of WM. R. Walker Engineering Inc. (Walker Engineering), a multidisciplinary engineering firm based in Sault Ste.Marie, Ontario. "We are very pleased to welcome Walker Engineering into GENIVAR. The firm is specialized in municipal infrastructure, transportation, energy and building engineering," said Pierre Shoiry, President and Chief Executive Officer of GENIVAR. "This acquisition represents a step forward to increase our northern platform in Ontario and to further develop our services in all of our market segments. Northern Ontario is a dynamic region, rich in opportunities in all our ...
  • Thursday, June 18, 2009 GENIVAR Income Fund announces June 2009 distribution
    MONTREAL, June 18 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from June 1 to June 30, 2009, will be paid on July 15, 2009 to unitholders of record at the close of business on June 30, 2009.GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Wednesday, May 20, 2009 GENIVAR Income Fund Acquires Jagger Hims Limited an Ontario-Based Firm Specialized in Earth and Environmental Sciences
    MONTREAL, May 20 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Jagger Hims Limited ("Jagger Hims"), a firm specializing in earth sciences and environmental engineering. Jagger Hims has 90 employees in 7 offices in Ontario. GENIVAR's workforce in Ontario numbers 700 employees."We are very pleased that Jagger Hims has joined forces with the GENIVAR team," said Pierre Shoiry, GENIVAR's President and CEO. "Jagger Hims significantly enhances our environmental and earth sciences capabilities. The firm provides services in waste management, water resource management, industrial minerals and aggregate resources, waste water management, geo-environmental engineering, environmental property ...
  • Wednesday, May 20, 2009 GENIVAR Income Fund announces May distribution
    MONTREAL, May 20 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from May 1 to May 31, 2009, will be paid on June 15, 2009 to unitholders of record at the close of business on May 31, 2009.GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Tuesday, May 12, 2009 First Quarter Yields Solid Results for GENIVAR Income Fund
    MONTREAL, May 11 - GENIVAR Income Fund (the "Fund") announced today its financial and operating results (unaudited) for the first quarter of 2009. These results cover the period from January 1, 2009, to March 28, 2009. Highlights Revenues for the first quarter of 2009 were $97.4 million, up from $70.1 million for the same period in 2008, representing an increase of 39.0%. Net revenues were $84.8 million, representing an increase of 24.7 million (41.0%). Net earnings ...
  • Monday, May 4, 2009 GENIVAR Income Fund: Notice of 2009 First Quarter Results and Conference Call
    MONTREAL, May 4 - The GENIVAR Income Fund ("GENIVAR") will announce its 2009 first quarter results on May 12, 2009. A conference call will be held on the same day at 4:00 p.m. (Eastern Time) to discuss the results. To participate in the conference call: Montreal region, dial 514-861-2909 Canada and United States, dial 1-877-695-6175 Enter access code 6744535 A presentation of the 2009 first quarter highlights and results will be available on the same day at: www.genivar.com in the Investor Relations section, ...
  • Tuesday, April 21, 2009 GENIVAR Income Fund announces April distribution
    MONTREAL, April 21 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from April 1 to April 30, 2009, will be paid on May 15, 2009 to unitholders of record at the close of business on April 30, 2009. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such ...
  • Wednesday, April 8, 2009 GENIVAR Income Fund Acquires an Electrical Engineering Firm Specialized in Power Generation and Transmission Systems
    MONTREAL, April 8 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Algal & Associates Ltd. ("Algal"), an Ontario-based electrical engineering services firm with approximately 20 employees in Toronto. "Algal's experts have developed very unique niche expertise in medium and high voltage electrical engineering services for power generation, transmission and distribution systems," said Pierre Shoiry, President and CEO, GENIVAR. "These services will be in high demand for the coming years given the need to develop and modernize North America's electricity transmission and distribution grid to access the energy resources, including hydroelectricity, wind power, biomass, nuclear and thermal ...
  • Friday, March 20, 2009 Genivar Income Fund announces March distribution
    MONTREAL, March 20 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from March 1 to March 31, 2009, will be paid on April 15, 2009 to unitholders of record at the close of business on March 31, 2009. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such ...
  • Tuesday, March 10, 2009 GENIVAR Income Fund announces fourth quarter and year-end results
    MONTREAL, March 9 - GENIVAR Income Fund (the "Fund") announced strong growth in revenues, net revenues and EBITDA for its fourth quarter of 2008 and for the period from January 1, 2008 to December 31, 2008. Highlights For the full year 2008, revenues grew from $257.2 million, in 2007, to $387.8 million, representing a 50.8% increase. Net revenues were $320.1 million, up 54.9% from $206.6 million in 2007. EBITDA stood a $68.6 million, up 62.7% from $42.2 million in ...
  • Wednesday, March 4, 2009 GENIVAR Income Fund: Notice of 2008 Fourth Quarter and Year-End Results and Conference Call
    MONTREAL, March 4 - The GENIVAR Income Fund ("GENIVAR") will announce its 2008 fourth quarter results and year-end results on March 10, 2009. A conference call will be held on the same day at 2:00 p.m. (Eastern Time) to discuss the results.To participate in the conference call: Montreal region, dial 514-861-2909 Canada and United States, dial 1-877-695-6175Enter access code 5147582The replay of the conference call will also be available in the Investor Relations section of the Company's web site in the following days at: www.genivar.comGENIVARGENIVAR is a leading Canadian engineering services firm providing ...
  • Wednesday, March 4, 2009 GENIVAR Expands its Operations in Trinidad and Tobago by Acquiring Design Collaborative Associates Ltd.
    PORT OF SPAIN, Trinidad and Tobago, March 4 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Design Collaborative Associates Ltd. ("Design Collaborative"), an architectural consulting firm with 20 employees based in Maraval, Trinidad and Tobago.GENIVAR Trinidad and Tobago now has 170 Trinidad and Tobago and Caribbean employees, including engineers, project managers and architects of which 7 are local active employee-owners through shareholding in GENIVAR Inc., the non-controlling unitholder which holds a 38.8% interest in the Fund."The GENIVAR team is very pleased to welcome Design Collaborative, a well respected firm in the Caribbean. This acquisition ...
  • Monday, March 2, 2009 GENIVAR Income Fund Acquires Wiebe Environmental Services Inc., an Alberta Based Firm and Pursues its Expansion in Western Canada
    MONTREAL, March 2 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of Wiebe Environmental Services Inc. ("WES"), a firm specializing in environmental services. WES has 40 employees at its Calgary, Edmonton and Grande Prairie offices, Alberta. GENIVAR has more than 550 employees in Western Canada, including 310 in Alberta. "We are very pleased to welcome WES into GENIVAR's team," said Pierre Shoiry, GENIVAR's President and CEO. "The environment is a strategic sector for GENIVAR in the development and delivery of projects in all of our market segments. Thanks to our multidisciplinary team of experts and ...
  • Wednesday, February 18, 2009 GENIVAR Income Fund announces February distribution
    MONTREAL, Feb. 18 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from February 1 to February 28, 2009, will be paid on March 16, 2009 to unitholders of record at the close of business on February 28, 2009. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
  • Monday, February 9, 2009 GENIVAR Income Fund acquires an Ontario-based transportation firm
    MONTREAL, Feb. 9 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of ENTRA Consultants Inc. ("ENTRA"), an Ontario-based transportation planning firm with approximately 20 employees. "By acquiring ENTRA, a firm specializing in transportation planning, transit planning and traffic engineering, we have complemented our existing range of services and strengthened our team in this sector," said Pierre Shoiry, GENIVAR's President and CEO. "Our company is recognized as a key player in the transportation field, providing planning, design and project delivery services. Given the need for transportation infrastructure development and improvements across Canada, we are strategically positioned to take ...
  • Friday, February 6, 2009 GENIVAR Income Fund acquires two specialized firms in Quebec
    MONTREAL, Feb. 6 - The GENIVAR Income Fund ("GENIVAR") is pleased to announce the acquisition of two consulting engineering firms: Sherbrooke-based Envirotel 3000 Inc. ("Envirotel") and Montreal-based WSA Trenchless Consultants Inc. ("WSA"). Envirotel specializes in environmental services, while WSA specializes in municipal infrastructure; the firms have a combined total of 15 employees. "Envirotel's experts and scientists have developed a wide range of expertise as well as state-of-the-art tools for wildlife and plant habitat development and inventory projects," said Jean Boudreault, Vice-President, Environment, GENIVAR. "These tools include a fish counting and classification system based on size and environmental conditions, in addition to ...
  • Wednesday, January 21, 2009 GENIVAR Income Fund announces January distribution
    MONTREAL, Jan. 21 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from January 1 to January 31, 2009, will be paid on February 16, 2009 to unitholders of record at the close of business on January 31, 2009. GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as ...
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