Canfor Pulp Income Fund

Canfor Pulp Income Fund

March 03, 2010 17:05 ET

Canfor Pulp Income Fund Announces Maintenance Outage

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2010) - Canfor Pulp Income Fund (the "Fund") (TSX:CFX.UN) announced today that Canfor Pulp Limited Partnership (the "Partnership") in which the Fund has a 49.8% ownership, has moved its 2010 maintenance outage at the Prince George Pulp & Paper mill, previously planned for April, into the first quarter. This is being done to coincide with unplanned maintenance requiring the shutdown of the mill's recovery boiler. The total duration of the shutdown of the boiler is expected to be approximately 20 days and the total reduced pulp production in the first quarter is expected to be approximately 15,000 tonnes, including the 4 days and 3,600 tonnes previously scheduled for the April outage. Operation of the paper machine during part of the shut down period is expected to mitigate the financial impact of these outages to a reduction of EBITDA of approximately $6 million in the first quarter, including an estimated $2.5 million impact of the 2010 planned maintenance outage.

This additional maintenance outage is not expected to have any impact on the level of distributions declared by the Partnership or the Fund.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada to which recipients of this press release are referred to for additional information concerning the Fund and Partnership, its prospects and uncertainties relating to the Fund and Partnership and its prospects. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund and Partnership to be materially different from those contained in forward-looking statements. The forward-looking statements are based on current information and expectations and the Fund and Partnership assume no obligation to update such information to reflect later events or developments, except as required by law.

About Canfor Pulp Income Fund

The Fund is an unincorporated, open-ended trust established under the laws of Ontario, created to indirectly acquire and hold an interest in the Canfor Pulp Limited Partnership (the "Partnership"). The Fund indirectly holds a 49.8% interest in the Partnership with Canadian Forest Products Ltd. (a subsidiary of Canfor Corporation) holding the remaining 50.2% interest.

For more information about Canfor Pulp Income Fund and the Partnership, please visit

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