TransForce Income Fund said late Wednesday it has completed its corporate structure conversion to TransForce Inc. and that it will begin trading under a new ticker symbol on Tuesday.
All of the company’s outstanding trust units and “tracking shares” of TFI Holdings Inc., an affiliated corporation, were exchanged for common shares of TransForce Inc., on a one-for-one basis, the company said in a statement.
The company said TransForce Inc has about 86.8 million common shares and that it will begin trading Tuesday on the Toronto Stock Exchange under the symbol TFI. At that time, trust units of TransForce Income Fund will be delisted from the exchange.
TransForce is ranked No. 19 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.