Dominion Citrus Income Fund
TSX : DOM.UN

Dominion Citrus Income Fund
Dominion Citrus Limited
TSX : DMN.PR.A

Dominion Citrus Limited

September 08, 2009 16:50 ET

Dominion Citrus Income Fund and Dominion Citrus Limited: Dominion Citrus Announces the Closing of the Sale of Renewable Leases for Two Type "A" Selling Units at the Ontario Food Terminal

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2009) - Dominion Citrus Income Fund (the "Fund") (TSX:DOM.UN) and Dominion Citrus Limited ("Dominion" or the "Company") (TSX:DMN.PR.A) are pleased to announce today the closing of the previously announced sale by the Company of renewable leases for two type "A" selling units located at the Ontario Food Terminal for an aggregate purchase price of $3.5 million. The transaction will enable the Company to focus its wholesale business on fewer but more profitable product lines in its remaining two units while reducing its operating costs and strengthening its balance sheet.

About Dominion

Dominion is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. The Company provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Quebec. The Company also supplies products to customers in the United States. Dominion is a subsidiary of the Fund. The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. The trust units are listed on the TMX under the symbol DOM.UN.

Dominion's website may be accessed at www.dominioncitrus.com.

Caution regarding Forward-Looking Statements

This release contains statements, which, to the extent that they are not a recitation of historical fact, may constitute "forward-looking statements". Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or performance, or our underlying assumptions. The words "estimate", "anticipate", "believe", "expect", "intend" or other similar expressions of future or conditional verbs such as "will", "should", "would" and "could" are intended to identify forward-looking statements. Persons reading this press release are cautioned that such statements are only expectations, and that our actual results or performance may be materially different.

Forward-looking information involves certain risks, assumptions, uncertainties and other factors which may cause actual future results to differ materially from those expressed or implied in any forward-looking statements.

Readers should not place undue reliance on these forward-looking statements when making decisions, and should consider the date onto which the statements were made. Except as required by applicable security law, management disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Investors:
    Dominion Citrus Income Fund and Dominion Citrus Limited
    Jason Fielden
    VP Finance, CFO & Corporate Secretary
    (416) 242-8341 Ext 250
    or
    Media:
    Dominion Citrus Income Fund and Dominion Citrus Limited
    Winston Ash
    President & CEO
    (416) 242-8341 Ext 249