Chemtrade Logistics Income Fund- 6.25% Convertible Debenture New Issue

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Commenced trading Dec-13-2021

Chemtrade Logistics Income Fund(CHE.UN) is issuing $120M of 6.25% Convertible Unsecured Debentures maturing Aug-31-2027. The conversion price is $10, a 35% premium to the $7.42 as of Dec-7-2021.

The Debentures are not redeemable before Aug-31-2025. On or after Aug-31-2025 and prior to Aug-31- 2026 they can be redeemed providing the share price is at least 125% of the Conversion Price. On or after Aug-31-2026, the Debentures may be redeemed at par. The debentures may be redeemed for cash or shares of Chemtrade.

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