Jan 04, 2011. /Lesprom Network/. Canfor Pulp Products Inc. announced that the previously announced plan of arrangement approved by unitholders in April 2010 providing for the conversion of Canfor Pulp Income Fund (the "Fund") into a dividend paying public corporation named "Canfor Pulp Products Inc." ("CPPI") has been completed, effective January 1, 2011. Under the Arrangement, unitholders of the Fund received, for each unit of the Fund held, one common share of CPPI (a "CPPI Share"). As the CPPI Shares are, and the Fund units were, uncertificated and trade in the "book entry" systems, no certificates for the CPPI Shares will be issued. Beneficial holders of Fund units do not need to take any action involving their Fund units in order to receive CPPI Shares to which they are entitled under the Arrangement. Unitholders whose Fund units are held through a broker, dealer, bank, trust company or other nominee may wish to contact their nominee with respect to the exchange of their Fund units for CPPI Shares. The CPPI Shares are expected to commence trading on the Toronto Stock Exchange under the symbol "CFX" on or about January 6, 2011, at which time the Fund units will be delisted from the Toronto Stock Exchange. The Fund was wound-up on January 1, 2011 following completion of the Arrangement and, accordingly, ceased to be a reporting issuer in all provinces and territories of Canada in which it was a reporting issuer or the equivalent thereof. CPPI was created to acquire and hold an interest in the Canfor Pulp Limited Partnership (the "Partnership") in connection with the conversion of Canfor Pulp Income Fund to a corporation. CPPI holds a 49.8% interest in the Partnership with Canadian Forest Products Ltd. (a subsidiary of Canfor Corporation) holding the remaining 50.2% interest.