Canadian Rental Service

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CERF posts increases

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. 


April 25, 2011
By Canadian Equipment Rental Fund

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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