Associated Brands Income Fund
TSX : ABF.UN

Associated Brands Income Fund

June 17, 2005 09:11 ET

Associated Brands Income Fund Announces June 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - June 17, 2005) -

NOT FOR RELEASE OVER U.S. NEWSWIRE SERVICES

Associated Brands Income Fund (TSX:ABF.UN) announced today a distribution of $0.07 per unit for the period from June 1, 2005 to June 30, 2005, payable on July 15, 2005 to unitholders of record on June 30, 2005.

The Fund's policy is to pay monthly distributions to unitholders of record on the last business day of each month. The Fund's policy is to pay such distributions on or about the fifteenth day following each month end.

For this cash distribution, U.S.$0.006976 per unit will be considered U.S. source interest income and accordingly subject to U.S. withholding taxes. For registered unitholders who have not delivered valid, completed W8-BEN forms, the U.S. withholding taxes will be 30% of the U.S.$0.006976. For registered unitholders who qualify for a reduced rate of withholding under U.S. law, a valid, completed W8-BEN must be provided to obtain a reduced rate of withholding. For registered unitholders who have provided a valid, completed W8-BEN and who do not hold 10% or more of the Fund, US withholding tax is reduced to zero.

Associated Brands is a leading North American manufacturer and supplier of private label dry-blend food and household products. Since beginning operations in 1985, Associated Brands has grown to become one of the three largest suppliers of a diverse range of private label dry-blend food products in North America. Associated Brands currently produces over eleven million cases of food and household products annually across multiple product categories, selling to 44 of the 50 largest North American food retailers.

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 actual results, performance or achievements of Associated Brands Income Fund 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 such words as "may", "will", "expect", "anticipate", "project", "believe", "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

Contact Information

  • Associated Brands Income Fund
    John R. Currie
    Executive Chairman
    (416) 503-7000