TORONTO — GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) announces that the Company through one of its subsidiaries has purchased a buy-out group annuity that transfers approximately $26.5 million of defined benefit
TORONTO -- GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) announces that the Company through one of its subsidiaries has purchased a buy-out group annuity that transfers approximately $26.5 million of defined benefit pension obligations to a Canadian insurance company. The Company’s prudent management of the pension fund is expected to allow the recognition of a net settlement gain of approximately $0.8 million before the end of the year. Read More
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