Drive Products Income Fund

Drive Products Income Fund

January 15, 2007 10:04 ET

Drive Products Income Fund Announces January 2007 Cash Distributions

TORONTO, ONTARIO--(CCNMatthews - Jan. 15, 2007) - As indicated in the prospectus for its initial public offering, Drive Products Income Fund (TSX:DPI.UN) today announced a cash distribution of $0.09167 per unit for the month of January, 2007 (equivalent to $1.10 per unit on an annualized basis). The distribution is payable to unitholders of record on January 31, 2007 and will be paid on February 15, 2007.

Unitholders who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions by the Trust.

About Drive Products Income Fund

Founded in 1983, Drive Products is a Canadian leader in the design and installation of systems solutions that transform a conventional new truck chassis into a specialized vehicle that meets a customer's technical and performance requirements. To achieve this, Drive Products offers a wide variety of products such as PTOs, hydraulic pumps, motors and coolers, winches, cables and controls, drivelines, blowers and compressors, hoses and fittings, custom consoles, snowplows, spreaders and electronic spreader controls, from leading international manufacturers, in many instances as the sole distributor in Canada.

The Fund was created on August 25, 2006 and the Fund's units trade on the Toronto Stock Exchange under the symbol DPI.UN. Additional information on Drive Products, can be viewed at

Forward Looking Statements

This press release contains forward-looking statements relating to expected future events and financial and operating results of the Fund. These statements involve risks and uncertainties. Actual results may differ materially from those anticipated by such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed from time to time in the Fund's continuous disclosure documents filed with the Canadian securities regulatory authorities. The Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Contact Information

  • Drive Products Income Fund
    Gregory Edmonds
    Chief Executive Officer
    (905) 564-5800
    Drive Products Income Fund
    Chris Boudreau
    Chief Financial Officer
    (905) 795-3929