Royal Bank of Canada Lowers Chemtrade Logistics Income Fund (OTCMKTS:ACAZF) to Sector Perform

Royal Bank of Canada cut shares of Chemtrade Logistics Income Fund (OTCMKTS:ACAZF) from an outperform rating to a sector perform rating in a report issued on Wednesday, The Fly reports.

Shares of OTCMKTS ACAZF opened at $12.31 on Wednesday. Chemtrade Logistics Income Fund has a 52 week low of $10.34 and a 52 week high of $13.75.

About Chemtrade Logistics Income Fund

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides managements services relating to approximately 1.3 million acres of Crown licensed timberlands.

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