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Press release from CNW Group

Algoma Central Corporation - Election of Board of Directors

Monday, May 06, 2013

Algoma Central Corporation - Election of Board of Directors

17:33 EDT Monday, May 06, 2013

ALC-T

TORONTO, May 6, 2013 /CNW/ - The Corporation, at its Annual General Meeting of Shareholders held on May 3, 2013, announced that all the nominees listed in its Management Proxy Circular dated February 22, 2013 were elected as directors until the next annual general meeting of shareholders.

All nominees were elected with the support of over 98% of the votes cast. The detailed results of the vote are set out below.

Nominee   Votes For   Votes
Withheld
         
H. Michael Burns   28,710,722   5,360
Richard B. Carty   28,419,902   296,180
E. M. Blake Hutcheson   28,710,082   6,000
Duncan N. R. Jackman   28,411,962   304,120
Clive P. Rowe   28,705,142   10,940
Harold S. Stephen   28,258,312   457,770
Eric Stevenson   28,259,252   456,830
W. S. Vaughan   28,705,082   11,000
Greg D. Wight   28,714,482   1,600
         

About Algoma Central Corporation

Algoma Central Corporation owns and operates the largest Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including 19 self-unloading dry-bulk carriers, seven gearless dry bulk carriers and seven product tankers. Algoma also has interests in ocean dry-bulk and product tanker vessels operating in international markets. Algoma owns a diversified ship repair and steel fabricating facility active in the Great Lakes and St. Lawrence regions of Canada. In addition, Algoma owns and manages commercial real estate properties in Sault Ste. Marie, St. Catharines and Waterloo, Ontario.

A recently published economic impact study, commissioned by Marine Delivers, demonstrates the significant role that the Great Lakes - St. Lawrence Waterway plays in supporting the Canadian and U.S. economies.  Some 227,000 jobs and $35 billion in economic activity are supported by the movement of goods within the Waterway. For more information, including access to the full text of the economic impact study, please consult the www.marinedelivers.com website.

SOURCE: Algoma Central Corporation

For further information:

Greg D. Wight, FCA
President and Chief Executive Officer
905-687-7850

Peter D. Winkley, CA
Vice President, Finance and Chief Financial Officer
905-687-7897

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