Dominion Citrus Income Fund
TSX : DOM.UN

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

Dominion Citrus Limited

December 15, 2009 12:43 ET

Dominion Citrus Income Fund (TSX:DOM.UN) and Dominion Citrus Limited (TSX:DMN.PR.A): Distribution & Dividend Payments

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2009) - Dominion Citrus Income Fund ("Dominion" or the "Fund") (TSX:DOM.UN) and Dominion Citrus Limited ("DCL") (TSX:DMN.PR.A) jointly announce that concurrently with the payment on December 30, 2009 of the previously announced $0.05 per unit distribution by the Fund, DCL will make the following dividend payments on its Series A Preference Shares:

- In replacement of the dividend that was declared on May 22, 2008 and subsequently deferred, DCL has declared a $0.09 per share dividend for the dividend payment period ending June 30, 2008, payable to shareholders of record as at December 23, 2009, for payment on December 30, 2009.

- In replacement of the dividend that was declared on February 10, 2009, DCL has declared a $0.0759375 per share dividend for the dividend payment period ending December 31, 2008, payable to shareholders of record as at December 23, 2009, for payment on December 30, 2009.

The Board of Directors of DCL will not be declaring a dividend on the Series A Preference Shares for the dividend payment period ending December 31, 2009. In addition, no dividend was declared for the payment period ended June 30, 2009. Until further notice, neither the Fund nor DCL will be reinstating regular distributions or dividends for the units of the Fund or the Series A Preference Shares of DCL, respectively.

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.

About Dominion

Dominion is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. DCL provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Quebec. DCL also supplies products to customers in the United States. DCL 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 Toronto Stock Exchange under the symbol DOM.UN. The Series A preference shares of DCL are listed on the Toronto Stock Exchange under the symbol DMN.PR.A.

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

Contact Information

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