On September 15, 2009, Alliance Grain Traders Income Fund (TSX-V: AGT.UN) (the "Fund") completed its conversion on a tax deferred basis from an open-ended unit trust to a dividend-paying corporation, Alliance Grain Traders Inc. ("AGTI") and AGTI acquired Arbel Bakliyat Hububat Sanayi ve Ticaret A.S., Durum Gida Sanayi ve Ticaret A.S., and Turkpulse Dis Ticaret A.S. (collectively, the "Arbel Group"). Pursuant to the acquisition, AGTI acquired all of the outstanding shares of the Arbel Group for an aggregate purchase price of $104,141,400, of which $60,097,988 was paid in cash and $44,043,412 was paid by the issuance of 2,850,448 common shares of AGTI. AGTI's common shares have been approved for listing on the Toronto Stock Exchange and will commence trading under the symbol "AGT" as of the opening of business on September 18, 2009. The Fund was an income trust deriving its income from the operations of its operating subsidiary, Alliance Pulse Processors Inc. ("Alliance"). Alliance, on its own and through its subsidiaries, is engaged in the business of sourcing and processing (cleaning, splitting, sorting and bagging) specialty crops, primarily for export markets. Alliance and its subsidiaries in Canada, U.S. and Australia handle the full range of pulses and specialty crops including lentils, peas, chickpeas, beans and canary seed through six processing plants. The Arbel Group has a 50-year operating history and has grown to become a leading processor of pulses and grains and a leading exporter of pulses and pasta in Turkey. The Arbel Group operates state-of-the-art processing and production facilities in Mersin, Turkey. From its hub in Turkey, the Arbel Group currently exports to over 50 countries in Asia, Africa, Europe and the Americas. Fasken Martineau acted as counsel for Alliance Grain in both the acquisition and the conversion to a corporation, with a team that included Gary Fogler, Bozidar Crnatovic, Daye Kaba and Jesse Langdon (corporate and securities), Donna Gallant (labour) and William Bies and Mitchell Thaw (tax).