AVENEX ENERGY CORP.
Previous company name
AVENIR DIVERSIFIED INCOME TRUST
Name change date
Avenir Diversified Income Trust (Avenir) is a Canadian-based, open-end, unincorporated investment trust. Its operations are primarily focused on oil and gas segment, financial services segment, real estate segment and energy services segment. The trust’s corporate office is located in Calgary, Alberta.
In December 2006, Avenir’s real estate division acquired two portfolios of properties, KFC and Landmark Cinemas. In August and October 2006, it also completed the purchase of two portfolios consisting of 26 buildings with a total of 186,740 leasable square feet. In October 2006, Avenir acquired oil and gas assets in its East Central and Southern Alberta core areas.
The strategic purpose of the Avenir is to provide stable, sustainable distributions to unit holders, combined with the ability to increase the growth of those distributions for capital appreciation.
The Avenir shares are traded on the Toronto Stock Exchange under the ticker symbol
The Trust is an open-end unincorporated investment trust engaged in oil and gas operations, financial services and real estate acquisition and development.
Description and history
Avenir Diversified Income Trust is an open-end unincorporated investment trust governed by the laws of the Province of Alberta and created through a trust indenture dated effective September 24, 2002 between Onward Energy Inc. and Olympia Trust Company.
Avenir Diversified Income Trust has three business units. It is engaged in oil and gas operations, through Avenir Operating Corp., financial services through Avenir Financial Services Limited Partnership and real estate acquisition and development through its recently formed Avenir Real Estate Acquistiion Corp. Avenir Operating Corp. is the Manager of the Trust. Approximately 70% of the Trust’s revenues are derived from oil and gas assets, with real estate revenues contributing approximately 22% and the remaining 8% contribution coming from financial services.
The Trust was formed on September 24, 2002 and was listed on the Toronto Stock Exchange on July 26, 2004.
Open-end, unincorporated investment trust
1196823 ALBERTA LTD
ERNST & YOUNG LLP
US SIC Code
808, 1st Street S.W.
City province or state postal code
T2P 1M9, CALGARY, AB
Phone: +1 403 237 9949
Fax: +1 403 237 0903
Country address: CANADA
Website url: www.avenirtrust.com