FP Newspapers Income Fund

FP Newspapers Income Fund

March 18, 2010 17:34 ET

FP Newspapers Income Fund Announces Monthly Distribution-March 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 18, 2010) - FP Newspapers Income Fund (TSX:FP.UN) today announced a distribution of $0.06 per unit for the month of March 2010 to unitholders of record on March 31, 2010. The distribution will be paid April 29, 2010.

The Fund owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership. The Fund's policy is for unitholders of record on the last business day of a calendar month to receive distributions on or before the last day of the following month. Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.

FP Canadian Newspapers Limited Partnership owns the Winnipeg Free Press, the Brandon Sun, and their related businesses, as well as Canstar Community News, the publisher of eight community and special interest newspapers in the Winnipeg region. The Winnipeg Free Press newspaper publishes seven days a week, serving Winnipeg and Manitoba with an average Monday through Saturday circulation of approximately 129,000 copies. Effective November 1, 2009 the Winnipeg Free Press stopped publishing its Sunday home delivered newspaper and launched a smaller tabloid size single copy newspaper called On7. The Brandon Sun also publishes seven days a week, serving the region with an average circulation of approximately 14,600 copies. Canstar Community News publishes weekly with an average circulation of approximately 206,000 copies. Based in Winnipeg, the businesses employ approximately 590 people in Winnipeg and Brandon. Further information can be found at www.fpnewspapers.com, and in the disclosure documents filed by FP Newspapers Income Fund with the securities regulatory authorities available at www.sedar.com.

Contact Information

  • FP Newspapers Income Fund
    Daniel Koshowski
    Vice President, Finance and Administration
    (204) 697-7425
    (204) 632-0281 (FAX)