Altus Group Income Fund

Altus Group Income Fund

March 07, 2008 14:12 ET

Altus Group Income Fund to Release Year-End Results

Management to Hold Conference Call on Wednesday, March 19, 2008 at 10:00 a.m. EDT

TORONTO, ONTARIO--(Marketwire - March 7, 2008) - In conjunction with the release of its financial results for the year ended December 31, 2007, Altus Group Income Fund (TSX:AIF.UN) will host a conference call at 10:00 AM Eastern Daylight Time, on Wednesday, March 19, 2008.

Gary Yeoman, Chief Executive Officer, and Dale Lawr, Chief Financial Officer of Altus Group Income Fund will review year-end results and corporate developments. The financial results will be released by newswire at end of day on Monday, March 17, 2008.

To participate in this conference call, please dial one of the following numbers approximately five minutes prior to the commencement of the call:

1-866-852-2121 (toll-free) or 416-695-9757 (GTA)

Should you be unable to participate, a recording of this call will be made available beginning at 12:30 PM EDT. To access the recording, please call 1-800-408-3053 or 416-695-5800 (passcode: 3254969). The recording will also be available at

About Altus Group Income Fund

Altus Group Income Fund is the leading independent multidisciplinary provider of real estate consulting and advisory services in Canada, with a staff of over 1,100 professionals. Altus has a network of offices in 23 cities in Canada and 6 locations in England.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking" statements, which involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Fund and its subsidiary entities, including Altus Group Limited Partnership, Altus Group Limited and All West Surveys Limited Partnership, or the industry, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements use words such as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in the Fund's publicly filed documents, including the Annual Information Form, Form 51-102F2, dated March 31, 2007 (which are available on SEDAR at and in this document under "Key Factors Affecting the Business". Those risks and uncertainties include: general state of the economy; reliance on and retention of professionals; ability to maintain profitability and manage growth; competition in the industry; performance of obligations / maintenance of client satisfaction; fixed price and contingency engagements; revenue and cash flow volatility; protection of intellectual property; dependence on multi-residential market; dependence on oil & gas sector; possible acquisitions; interest rate risk; currency risk; credit risk; seasonality and weather; appraisal mandates; economic dependence; restrictions on potential growth; operating risks; risks of future legal proceedings; insurance limits; and legislative and regulatory changes. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Fund cannot 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, and, except in accordance with applicable law, the Fund assumes no obligations to update or revise them to reflect new events or circumstances. Additionally, the Fund undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Fund, its financial or operating results, or its securities.

Non-GAAP Measures

Distributable Cash does not have a standardized meaning prescribed by GAAP, but is a measure generally used by Canadian open-ended income funds as an indicator of financial performance. The Fund calculates Distributable Cash in accordance with the interpretive release "Standardized Distributable Cash in Income Trusts and Other Flow-through Entities" issued by the Canadian Institute of Chartered Accountants.

Earnings before Interest, Taxes, Depreciation and Amortization, ("EBITDA"), represents revenue less salaries, general and administrative expenses but before interest, taxes, depreciation, amortization and non-controlling interest.

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