Connors Bros. Income Fund sells its operating businesses to Centre Partners Management affiliate

Torys acted as counsel to Connors Bros. Income Fund, working with Jill Irvin, general counsel of the fund's operating subsidiary Bumble Bee Foods, LLC. The Torys team included Jamie Scarlett, Conni Gibson, Glen Johnson, Trish Finkelstein, Victoria Blond, Adam Banack and Tim Robbins (corporate), Corrado Cardarelli, Peter Keenan and Bari Zahn (tax), Sabrina Gherbaz and Gavin Scotti (real estate), Mitch Frazer and Christina Medland (pension and employment), Eric Boehm (IP), Dennis Mahony and Michael Fortier (environmental) Craig Pell (HSR), Philip Mohtadi (Investment Canada) and Jay Holsten (competition).

On November 18, 2008, Connors Bros. Income Fund announced the completion of the sale of its operating businesses to affiliates of Centre Partners Management LLC. The Fund's public unitholders received a cash payment of C$8.50 per unit by way of a distribution on, and redemption of, the Fund's units on November 20, 2008.

Connors Bros. Income Fund, based in Markham, Ontario, is an open-ended, limited-purpose trust whose subsidiaries market shelf-stable tuna, salmon, sardine and specialty seafood products, as well as chicken and beef products, under brands such as Bumble Bee, Clover Leaf, Brunswick and Sweet Sue.

Centre Partners is a leading mid-market private equity firm with offices in New York and Los Angeles.

Further information is found on Connors Bros. Income Fund's website.