BFI CANADA INCOME FUND CONFIRMS AUGUST 2006 CASH DISTRIBUTION |
08-18-2006 |
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For Immediate Release
Toronto, Ontario – August 18, 2006 – As previously announced on August 8, 2006 BFI Canada Income Fund (the “Fund”) (TSX: BFC.UN) has declared a cash distribution of C$0.1515 per trust unit for the month of August 2006.
The Trustees of the Fund recently approved a 7.1% increase to distributions from an annual rate of C$1.698 per trust unit to C$1.818 per trust unit annually effective for the distribution payable on September 15, 2006 to unitholders of record on August 31, 2006.
This increase represents the fifth distribution increase for the Fund since its inception and is based on the strong year-to-date performance for the Fund, and an expected continuation of this performance.
BFI Canada Income Fund, through its subsidiaries, is one of North America’s largest full-service waste management companies, providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in five provinces and nine U.S. states. Its two brands, IESI and BFI Canada, are leaders in their respective markets and serve over 1 million customers with vertically integrated collection and disposal assets. The Fund’s units are listed on the Toronto Stock Exchange under the symbol BFC.UN.
For more information on the Fund, visit www.bficanada.com.
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For more information please contact:
Anne MacMicken
Manager, Investor and Employee Relations
Tel: (416) 401-7729
Email: anne.macmicken@bficanada.com
This document may contain forward-looking statements relating to the Fund’s operations or to the environment in which it operates, which are based on the Fund’s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the Fund’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the Fund’s renewal Annual Information Form for the period ended December 31, 2005. Consequently, readers should not rely on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, the Fund cannot assure unitholders that actual results will be consistent with these forward looking statements, and the Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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