/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Aug. 22, 2022 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) ("Chemtrade" or the "Fund") announced today that it has completed its previously-announced public offering of trust units ("Trust Units") at a price of $8.65 per Trust Unit. The underwriters elected to exercise the over-allotment option in full, resulting in a total of 10,005,000 Trust Units being issued today for gross proceeds of approximately $86.5 million (the "Offering"). The Trust Units were sold to a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, and which included CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc. and Desjardins Securities Inc. (collectively, the "Underwriters"), on a bought deal basis.