AG Growth Income Fund

AG Growth Income Fund

January 19, 2007 09:15 ET

Ag Growth Income Fund Announces Monthly Distribution

WINNIPEG, MANITOBA--(CCNMatthews - Jan. 19, 2007) - Ag Growth Income Fund (TSX:AFN.UN) (Ag Growth), today announced a cash distribution of $0.14 per trust unit of Ag Growth and per Class B exchangeable limited partnership unit of AGX Holdings Limited Partnership for the period commencing January 1, 2007 and ending January 31, 2007. The distribution is payable on February 28, 2007 to holders of trust units of Ag Growth and holders of Class B exchangeable limited partnership units of AGX Holdings Limited Partnership of record on January 31, 2007.

Distribution Policy

Ag Growth's policy is to pay cash distributions on or about the 30th of each month to unitholders of record on the last business day of the preceding month. Unitholders who are non-residents of Canada will be required to pay all withholding taxes payable on any distributions by Ag Growth. The Fund's policy is to make monthly distributions to holders of both Fund units and Class B Exchangeable limited partnership units.

The Fund's Board of Trustees reviews financial performance and other factors when assessing the Fund's distribution levels. An adjustment to distribution levels will be made at such time as the Board determines the adjustment is sustainable and in the long-term best interest of the Fund and its unitholders. The Fund's Declaration of Trust requires that it distribute all taxable income earned in its fiscal period ending December 31. It may be necessary for the Fund to estimate one or more special distributions to achieve this requirement.

About Ag Growth Income Fund

Ag Growth is a leading manufacturer and distributor of portable grain handling equipment, including augers, belt conveyors and numerous other grain handling accessories, which are distributed through approximately 1,400 dealers and distributors, in 48 states and nine provinces.

Forward-Looking Statements

The statements contained in this news release that are forward-looking are based on current expectations, and are subject to a number of uncertainties and risks, and actual results may differ materially. These uncertainties and risks include, but are not limited to, the dependence of Ag Growth Income Fund on the operations and assets currently owned by Ag Growth Industries Limited Partnership, the degree to which Ag Growth Industries Limited Partnership and its affiliates are leveraged, the fact that cash distributions are not guaranteed and will fluctuate with Ag Growth Industries Limited Partnership's financial performance, dilution, restrictions on potential future growth, the risk of unitholder liability, competitive pressures (including price competition), changes in market activity, the cyclicality of the farm equipment industry, seasonality of the business, poor weather conditions, international operations and foreign currency fluctuations, legal proceedings, commodity price and raw material exposure, dependence on key personnel, and environmental, health and safety and other regulatory requirements. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Ag Growth Income Fund with the securities regulatory authorities, available at

Contact Information

  • Ag Growth Income Fund
    Steve Sommerfeld
    Investor Relations
    (204) 489-1855