Advanced Fiber Technologies (AFT) Income Fund

Advanced Fiber Technologies (AFT) Income Fund

March 21, 2005 09:42 ET

Advanced Fiber Technologies 'AFT' Income Fund Announces Distribution for the Month Ending March 31, 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ADVANCED FIBER TECHNOLOGIES (AFT) INCOME FUND

TSX SYMBOL: AFT.UN

MARCH 21, 2005 - 09:42 ET

Advanced Fiber Technologies 'AFT' Income Fund
Announces Distribution for the Month Ending March 31,
2005

LENNOXVILLE, QUEBEC--(CCNMatthews - March 21, 2005) - Advanced Fiber
Technologies (AFT) Income Fund (TSX:AFT.UN) announced that it has
declared a cash distribution of $0.05 per unit payable on April 15, 2005
to unitholders of record at the close of business on March 31, 2005.

Advanced Fiber Technologies (AFT) Income Fund's policy is to pay monthly
distributions to unitholders of record on the last business day of each
month.

Unitholders are able to benefit from a Distribution Re-investment Plan
(DRIP). This plan can only be used to purchase units that are already
issued and outstanding, thus is not dilutive to existing unitholders.
Only Canadian unitholders are eligible to participate in the plan.
Unitholders are invited to obtain further information on this plan from
their investment counsellors.

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.

Advanced Fiber Technologies (AFT) Income Fund is a limited purpose trust
established to hold the securities of Advanced Fiber Technologies (AFT)
Trust. AFT is one of the oldest and largest producers of pulp screening
components, having celebrated its 100th year of operations in March
2003. AFT's product portfolio is comprised of three distinct
complementary technologies : pulp screening, pulp refining and pulp
dewatering. Pulp screening components are used to remove contaminants
from pulp, a process that is critical to ensuring the quality of the
pulp and the quality of the resulting paper products. Pulp refining is
adjacent to the pulp screening process and is mostly used to enhance
pulp properties. Dewatering is a process used to thicken pulp or to
increase consistency of sludge before disposal.

The statements contained in this news release that are forward-looking
are based on current expectations, and are subject to a number of
uncertainties and risks, and actual results may differ materially. These
uncertainties and risks include, but are not limited to: the dependence
on certain key suppliers, competitive pressures and changes in market
activity, risks associated with international operations and foreign
exchange, legal proceedings, environmental, health and safety and other
regulatory requirements. Further information can be found in the
disclosure documents filed by Advanced Fiber Technologies (AFT) Income
Fund with the securities regulatory authorities, available at
www.sedar.com.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Advanced Fiber Technologies (AFT) Income Fund
    Normand Potvin
    Chief Financial Officer
    (819) 562-4754