Resolve Business Outsourcing Income Fund

Resolve Business Outsourcing Income Fund

April 19, 2006 16:06 ET

Resolve Business Outsourcing Income Fund announces first distribution

TORONTO, ONTARIO--(CCNMatthews – Apr. 19, 2006) –

Attention Business Editors:

Resolve Business Outsourcing Income Fund (the "Fund") today announced its first cash distribution to unitholders of $0.1237 per Unit, covering the 45-day period from closing of the Fund's initial public offering on March 17, 2006 to April 30, 2006. The distribution will be paid on May 15, 2006 to unitholders of record at the close of business on April 28, 2006.

This cash distribution is consistent with disclosure of the Fund's distribution policy in the prospectus dated March 9, 2006. Subsequent regular distributions in the estimated amount of $0.0833 per Unit are anticipated to be paid each month thereafter commencing with the distribution for the month of May 2006, which is expected to be paid on June 15, 2006.

About Resolve Business Outsourcing Income Fund

Resolve Business Outsourcing Income Fund is an unincorporated, open- ended, limited purpose trust established under the laws of the Province of Ontario. The Units are listed on the Toronto Stock Exchange under the symbol RBO.UN.

About Resolve

With over 3,900 employees in its 28 locations across North America, Resolve has a 35-year history of providing business process outsourcing services in four key areas: Financial and Administrative Solutions; Call Centre and Customer Support; Marketing and Promotional Programs; and Supply Chain Management and Fulfillment Services. In addition, through its CSRS division, Resolve is the largest Personal Property Security Act (PPSA) registration and search provider to the Canadian financial, automotive and legal industries managing more than three million registrations and searches per year. Resolve serves many blue chip customers across a diversified range of industry sectors including Financial Services, Retail, Consumer Goods, Manufacturing, Government and other specialty markets.

Certain statements in this press release may constitute "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Fund or Resolve, or industry results to be materially different from any future results, performance or achievements or opportunities expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may", "will", "expect", "believe", "plan", "could" and other similar terminology. These statements reflect current expectations regarding future events and operating performance. Forward- looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under "Risk Factors" in the Fund's prospectus dated March 9, 2006. Although the forward-looking statements contained in this press release are based upon what management believes are reasonable assumptions, neither the Fund nor Resolve can assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release. Neither the Fund nor Resolve assumes any obligation to update or revise them to reflect new events or circumstances.

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Contact Information

  • Dave Horton
    Chief Financial Officer
    Resolve Corporation
    (416) 503-1800