ATS Andlauer Income Fund
TSX : ATS.UN

ATS Andlauer Income Fund

January 18, 2007 13:10 ET

ATS Andlauer Income Fund Announces First Quarter Distributions For 2007

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2007) - ATS Andlauer Income Fund (the "Fund") (TSX:ATS.UN) announced today that it has declared unitholder distributions of $0.0974 per trust unit for each of the months of January, February and March 2007 as follows:



Record Date Distribution Date Ex-Distribution Date Distribution per Unit
----------- ----------------- -------------------- ---------------------
January 31, February 15, 2007 January 29, 2007 $0.0974
2007

February 28, March 15, 2007 February 26, 2007 $0.0974
2007

March 30, April 16, 2007 March 28, 2007 $0.0974
2007


On an annualized basis, this raises the Fund's distributions from $0.975 per trust unit originally contemplated in its prospectus dated September 22, 2005, to $1.1688 per trust unit. For those unitholders holding units outside a tax deferred plan, the Fund estimates that 98% of the distributions made in 2006 will be treated as taxable income for Canadian income tax purposes and the balance as return of capital. The proportion of these figures may change when the actual results for the fiscal year are calculated.

The Fund is an open-ended trust that holds, indirectly, securities of ATS Andlauer Transportation Services Limited Partnership ("ATS Andlauer LP"). ATS Andlauer LP is a leading single source transportation solutions provider in Canada, providing integrated trucking, courier, air freight and value added transportation and distribution services to consumer product companies. It operates facilities in 23 centres across Canada and serves approximately 1,400 diversified customers.

The Fund's units trade on the Toronto Stock Exchange under the symbol ATS.UN.

Additional information relating to the Fund, including all public filings, is available on www.sedar.com.

FORWARD LOOKING STATEMENTS

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Fund. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Fund's services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.

Contact Information

  • ATS Andlauer Transportation Services GP Inc.
    Michael Andlauer
    President and Chief Executive Officer
    (416) 798-1379 ext. 200
    (416) 798- 9230 (FAX)
    or
    ATS Andlauer Transportation Services GP Inc.
    Brian Mascarenhas
    Vice President Finance and Chief Financial Officer
    (416) 798-1379 ext. 200
    (416) 798- 9230 (FAX)
    Website: www.atsincomefund.ca