Associated Brands Income Fund

Associated Brands Income Fund

March 18, 2005 08:58 ET

Associated Brands Income Fund Announces March 2005 Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ASSOCIATED BRANDS INCOME FUND

TSX SYMBOL: ABF.UN

MARCH 18, 2005 - 08:58 ET

Associated Brands Income Fund Announces March 2005
Distribution

TORONTO, ONTARIO--(CCNMatthews - March 18, 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 March 1, 2005 to
March 31, 2005, payable on April 15, 2005 to unitholders of record on
March 31, 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.$0.007208 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.$0.007208. 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Associated Brands
    John R. Currie
    Executive Chairman
    (416) 503-7000