Petrocapita Income Trust acquired MJ Vallee Trucking for CAD 0.55 million on June 1, 2016. Under the terms of the deal, Petrocapita will issue convertible debenture secured by the assets acquired. The term of the debenture is 7 years, carries an interest rate of 6%, is amortized over 6 years beginning on June 1, 2017 and is convertible into common trust units of Petrocapita on or after December 31, 2017. MJ Vallee will continue to operate as MJ Vallee Trucking but will become a wholly owned subsidiary of Infracore Processing LP. Petrocapita Income Trust completed the acquisition of MJ Vallee Trucking on June 1, 2016.