On September 15, 2006, cemetery owner and operator, Park Lawn Company Limited ("Park Lawn"), announced the completion of its previously announced plan of arrangement under the Business Corporations Act (Ontario). Pursuant to the plan of arrangement which was approved by Park Lawn shareholders at a special meeting held on August 14, 2006 and which received all necessary court and other approvals, Park Lawn transferred to Park Lawn Limited Partnership ("Park Lawn LP"), a subsidiary of Park Lawn Income Trust (the "Fund"), its cemetery-related assets and its 50% interest in Bloorpark Developments. Pursuant to the plan of arrangement, Park Lawn shareholders were entitled to receive three (3) units of the Fund for each common share of Park Lawn held as at the close of trading of the Park Lawn common shares on September 15, 2006. A total of 3,390,000 units of the Fund were issued to Park Lawn shareholders pursuant to the plan of arrangement. The units of the Fund commenced trading on the TSX Venture Exchange under the symbol "PLC.UN" on September 19, 2006. Fasken Martineau lawyers Alfred Apps, Robert Mason and Lisa Marcuzzi (corporate/securities), and Mitchell Thaw and Paul Casuccio (tax) advised Park Lawn in this matter.