Acadian Timber Income Fund
TSX : ADN.UN

Acadian Timber Income Fund

May 18, 2006 17:12 ET

Acadian Timber Income Fund Announces Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - May 18, 2006) - Acadian Timber Income Fund (the "Fund") (TSX:ADN.UN) is pleased to announce its monthly distribution of $0.06875 per unit, payable on June 15, 2006 to unitholders of record on May 31, 2006. This distribution represents an annual yield of 8.25% based on the issue price of $10.00 per unit, consistent with the Fund's Initial Public Offering Final Prospectus of January 23, 2006.

Acadian Timber Income Fund is a leading supplier of primary forest products in Eastern Canada and the Northeastern U.S. With a total of 2.4 million acres of land under management, Acadian is the second largest timberland operator in New Brunswick and Maine.

Acadian owns and manages approximately 765,000 acres of freehold timberlands in New Brunswick, approximately 311,000 acres of freehold timberlands in Maine and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands. Acadian also owns and operates a forest nursery in Second Falls, New Brunswick. Acadian's products include softwood and hardwood sawlogs, pulpwood and biomass by-products, sold to over 110 regional customers.

Acadian's business strategy is to maximize cash flows from its timberland assets, while enhancing the value of these assets over time and growing its business by acquiring complementary timberland assets in regions in which it operates.

The Fund's units are listed for trading on the Toronto Stock Exchange under the symbol ADN.UN.

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