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To: David Alon who wrote (3043)3/25/2002 10:22:24 AM
From: Goldberry  Respond to of 11633
 
Sungro (gro.un) placed in my TD account this a.m. no trading that I can see as yet.

Any predictions as to price for this one say one month from now. I say given a bit of time it should trade to about a 10.5% yield so I am looking for a price of about $11.25. Anything above this and I plan to sell some of my position.



To: David Alon who wrote (3043)3/25/2002 8:48:20 PM
From: David Alon  Respond to of 11633
 
Sun Gro Horticulture Income Fund To Trade On The Toronto Stock Exchange
March 26, 2002 (Toronto) - The Units of Sun Gro Horticulture Income Fund will begin trading on the Toronto Stock Exchange on Wednesday, March 27, 2002.

Stock Symbol: "GRO.UN" - 22,023,000 Units will be issued and outstanding.
The Fund is a limited purpose trust established to acquire and hold the securities of Sun Gro Horticulture Canada Ltd. ("Sun Gro Canada"). Sun Gro Canada is the largest producer of peat in North America with substantial peat reserves located across Canada. It is a vertically integrated supplier that upon completion of the offering will be the largest distributor of peat-based growing media products to North American professional plant growers, primarily greenhouse, nursery and specialty crop growers. Peat moss and peat-based mixes are also sold to retail customers, either by way of private label partnerships or under Sun Gro's own brand names. Retail customers include mass merchandisers, home improvement and independent garden centres, food and drug chains and other retail outlets.

The head office of the Fund is located at 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver, British Columbia, V7X 1T2 and the telephone number of the Fund is (604) 687-5744. The e-mail address of the Fund is contactus@sungro.com and the Website address of the Fund is www.sungro.com. The President and Chief Executive Officer of Sun Gro Canada is Mr. Mitchell J. Weaver.


Please contact:
Steve Kee
Director, Media Relations & Publicity
Public Affairs & Communications
Toronto Stock Exchange - tse.com
416.947.4682 -- office #