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IAT Air Cargo Facilities Income Fund announces trustee resignation

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  Published in Business and Finance on Wednesday, October 21st 2009 at 14:53 GMT by Market Wire
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RICHMOND, BC, Oct. 21 /CNW/ - IAT Air Cargo Facilities Income Fund (the "Fund") (TSX: ACF.UN), an open-ended, mutual fund trust that owns all of the shares of International Aviation Terminals Inc. ("IAT"), which owns and leases air cargo and aviation related buildings on ground-leased land at Canadian airports in Vancouver, Calgary, Edmonton, Saskatoon and Winnipeg, and all of the interests in IAT Management Limited Partnership ("IAT Management LP"), which provides management and operation services to IAT and administrative services to the Fund, today announced the resignation of Alvin G. Poettcker from the Board of Trustees.

Alvin G. Poettcker submitted his resignation as a member of the Board of Trustees of the Fund, effective September 28, 2009.

Poettcker, who has been a member of the Board since November 20, 2003, submitted his letter of resignation to W. John Dawson, Chairman of the Board.

"Al's stewardship of IAT enabled key changes to take place over the last year including internalization of management from AMB and pursuing the merger with Huntington REIT. IAT will miss Al's pragmatic contributions to boardroom deliberations, common-sense business solutions, and veteran real estate industry insights. We wish him the best as he continues his role as Chief Executive Officer of UBC Properties Trust."

IAT AIR CARGO FACILITIES INCOME FUND

The Fund, and IAT and IAT Management LP, the Fund's wholly-owned subsidiaries, specialize in the ownership, construction, management and marketing of aviation-related facilities. IAT currently owns, leases and manages approximately 1.1 million square feet of air cargo and aviation related facilities on land leased at five of Canada's leading international airports. Approximately 65% of the Fund and IAT's holdings are located at Vancouver International Airport, Canada's second largest airport.