/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES/
TORONTO, Aug. 11, 2017 /CNW/ - Chemtrade Logistics Income Fund
(TSX:CHE.UN) ("Chemtrade" or the "Fund") announced today that it has extended the expiry time of its previously announced offers
to purchase (i) all of the outstanding 6.00% Convertible Unsecured Subordinated Series V Debentures due December 31, 2020 of Chemtrade Electrochem Inc. (formerly Canexus Corporation) (the "CEI Series V Debentures")
(such offer, the "Series V Offer"), and (ii) all of the outstanding 6.50% Convertible Unsecured Subordinated Series VI Debentures
due December 31, 2021 of Chemtrade Electrochem Inc. (the "CEI Series VI Debentures" and together
with the CEI Series V Debentures, the "CEI Debentures") (such offer, the "Series VI Offer" and together with the Series V Offer,
the "Offers").
Each of the Series V Offer and the Series VI Offer has been extended and is now open for acceptance until 5:00 p.m. (Eastern Time) on August 23, 2017, unless such offer is further
extended, varied or withdrawn by the Fund. Debentureholders that wish to accept the Series V Offer or Series VI Offer should
contact their dealer, broker or other intermediary for assistance in order to take the necessary steps to be able to deposit the
CEI Series V Debentures and/or CEI Series VI Debentures, as the case may be, under the Offers.
The Fund also announced that each of the Series V Offer and the Series VI Offer is being amended to make such offer to
debentureholders in any jurisdiction, other than the United States and any jurisdiction in which
the making or acceptance of such offer would not be in compliance with the laws of such jurisdiction.
Notice has been provided to the depositary for the Offers of the amendments described above and the Fund will mail a Notice of
Variation and Extension (the "Notice") to the registered debentureholders of the CEI Series V Debentures and the CEI Series
VI Debentures which will be available on SEDAR at www.sedar.com under Chemtrade Electrochem Inc.'s profile. All of the other terms and conditions of the Offers
remain unchanged.
Debentureholders are encouraged to review the full terms and conditions of the Offers, which are described in detail in an
offer to purchase and circular of the Fund (the "Offer to Purchase") and a related letter of transmittal dated July 14, 2017 and the Notice, which will be available on SEDAR at www.sedar.com. The Offers each remain subject to the satisfaction of certain
conditions set forth in the Offer to Purchase, including that a minimum of at least 25% of the principal amount of each
respective series of CEI Debentures are validly tendered to its corresponding Offer and not withdrawn.
For assistance in tendering CEI Debentures to the Offers, Debentureholders should contact the information agent, D.F. King Canada, by telephone at 1-800-301-3998 (Canada Toll Free Number) or by e-mail at inquiries@dfking.com.
About Chemtrade Electrochem
Chemtrade Electrochem Inc. is an indirect wholly-owned subsidiary of Chemtrade that produces sodium chlorate and chlor-alkali
products largely for the pulp and paper and water treatment industries.
About Chemtrade
Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's
largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate,
sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur,
chlor-alkali products, liquid sulphur dioxide, potassium chloride, and zinc oxide. Additionally, Chemtrade provides industrial
services such as processing by-products and waste streams.
Caution Regarding Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking information within the meaning of certain
securities laws, including the Securities Act (Ontario). Forward-looking information can
be generally identified by the use of words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may",
"will", "project", "plan", "should", "believe" and similar expressions. Specifically, forward-looking information in this news
release includes statements relating to the results, effects and timing of the Offers. Forward-looking information in this news
release describe the expectations of the Fund and its subsidiaries as of the date hereof. These statements are based on
assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without
limitation: that the conditions of the Series V Offer or Series VI Offer may not be satisfied or, where permitted by the Series V
Offer or Series VI Offer, as the case may be, waived by the Fund at the applicable expiry time; risks related to the realization
of any possible benefits of the Offers; as well as the risks and uncertainties detailed under "Risk Factors" section of the Offer
to Purchase and in the "Risk Factors" section of the Fund Annual Information Form. Although the Fund believes the expectations
reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be
given that actual results will be consistent with such forward-looking statements, and they should not be unduly relied upon.
Except as required by law, the Fund does not undertake to update or revise any forward-looking statements, whether as a result
of new information, future events or for any other reason. The forward-looking information contained herein are expressly
qualified in their entirety by this cautionary statement.
Further information can be found in the disclosure documents filed by the Fund with the securities regulatory authorities,
available at www.sedar.com.
SOURCE Chemtrade Logistics Income Fund
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