CHEMTRADE LOGISTICS INCOME FUND COMPLETES REDEMPTION OF ITS REMAINING 8.50% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES DUE SEPTEMBER 30, 2025

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TORONTO, Sept. 18, 2024 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) ("Chemtrade" or the "Fund") announced today that it has completed the redemption of all of its remaining 8.50% convertible unsecured subordinated debentures due September 30, 2025 (the "2025 Debentures"). $5,974,000 aggregate principal amount of 2025 Debentures were redeemed as part of the redemption.

As part of the redemption, holders of the 2025 Debentures received approximately $1,039.71311 for each $1,000 principal amount of 2025 Debentures redeemed, representing their par value, plus all accrued and unpaid interest thereon to but excluding the redemption date. The 2025 Debentures (TSX: CHE.DB.F) have been de-listed from the Toronto Stock Exchange.

On August 19, 2024, the date the Fund announced its intention to redeem the 2025 Debentures, $57,115,000 aggregate principal amount of 2025 Debentures was outstanding. Since August 19, 2024, the Fund has issued a total of approximately 7 million units to satisfy prior conversions of the 2025 Debentures. As of the date hereof, the Fund has approximately 122 million units issued and outstanding.

About Chemtrade

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also the largest producer of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.

Website: www.chemtradelogistics.com

SOURCE Chemtrade Logistics Income Fund

For further information, please contact: Rohit Bhardwaj, Chief Financial Officer, Tel: [phone]; Ryan Paull, Corporate Development Manager, Tel: [phone]