Canadian Rental Service

CERF posts increases

By Canadian Equipment Rental Fund   


April 21, 2011 - Wayne Wadley, president of CERF GP Corporation, the general partner of Canadian Equipment Rental Fund Limited Partnership, announced the company's 2010 results. 

On December 21, 2010, the partnership closed its public offering of
2,500,000 limited partnership units at a price of $2.50 per unit with gross
proceeds of $6,250,000. After issue costs, net proceeds were $5,633,188.
Revenue for 2010 increased 13.5 percent when compared to 2009 revenue.
Net income per limited partnership unit was 11 cents, in comparison to the 2009
net income per unit of seven cents, showing a substantial increase of 57 percent.

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