Vancouver's Art in Motion Income Fund (TSX:AIM.UN) has lost its chief financial officer; Allan Achtemichuk will be leaving AIM by March 25.
Halifax-based Clarke Inc. (TSX:CKI) acquired a majority stake in the fund last month. In a private placement, it acquired GVP Holdings Inc.'s interest in the fund, which is jointly owned by Garry and Vicki Peters, Art in Motion's founders.
Art in Motion's revenue fell to $31.5 million for the nine-month period ending September 30, 2007, compared with $40.4 million in the same period in 2006. Art in Motion's unit price range during the past week: between $0.97 and $0.93; 52-week high: $3.15; 52-week low: $0.93.