12:19 PM EST - Sun Gro Horticulture Income Fund : said Friday that its the board of trustees and the board of directors of its wholly owned subsidiary, Sun Gro Horticulture Canada Ltd., have formally approved the fund's conversion to a corporate structure by way of a statutory plan of arrangement and recommended the arrangement for unitholder approval at the annual and special meeting of unitholders to be held on May 27. If approved, the arrangement would result in the reorganization of the fund's trust structure into a publicly listed corporation, New Sun Gro, which will continue to carry on, directly and indirectly, the business carried on by Sun Gro and its subsidiaries. Sun Gro Horticulture Income Fund
shares T.GRO.UN are trading up $0.13 at $4.12.
