10:57 AM EST - Tree Island Wire Income Fund : said on Monday that it has signed a binding letter of intent to acquire Baoan International Investment Co. and Universal Metal New Material Co. Ltd., for about US$18.5 million. Subject to the foregoing conditions, the Fund expects to complete the acquisition in the second quarter of 2007. Tree Island Wire Income Fund
shares T.TIL.UN are trading up 15 cents at $6.65.
