ATS Andlauer Income Fund

ATS Andlauer Income Fund

October 17, 2006 16:55 ET

ATS Andlauer Income Fund Announces Increase in Fourth Quarter Distributions

Third Consecutive Increase to Quarterly Distributions for 2006

TORONTO, ONTARIO--(CCNMatthews - Oct. 17, 2006) - ATS Andlauer Income Fund (the "Fund") (TSX:ATS.UN) announced today that it will for the third time in 2006, increase its monthly distributions. Monthly distributions will increase from $0.0941 per trust unit to $0.0974 per trust unit for each of the months of October, November and December 2006 as follows:

Record Distribution Ex-Distribution Distribution
Date Date Date per Unit
October 31, 2006 November 15, 2006 October 27, 2006 $0.0974
November 30, 2006 December 15, 2006 November 28, 2006 $0.0974
December 31, 2006 January 15, 2007 December 27, 2006 $0.0974

The Fund's distribution strategy remains conservative for sustainable and uninterrupted distribution flow to unitholders. On an annualized basis, the increase to the monthly distribution amount described above raises the Fund's distributions from $0.9750 per trust unit originally contemplated in its prospectus dated September 22, 2005, to $1.1688 per trust unit, and for fiscal 2006 will result in an annual distribution totaling $1.0971. This is line with the Fund's strategy to distribute approximately 80.0% of its distributable cash to its unitholders.

For those unitholders holding units outside a tax deferred plan, the Fund estimates that 98% of the distributions made in 2006 will be treated as taxable income for Canadian income tax purposes and the balance as return of capital. The proportion of these figures may change when the actual results for the fiscal year are calculated.

The Fund is an open-ended trust that holds, indirectly, securities of ATS Andlauer Transportation Services Limited Partnership ("ATS Andlauer LP"). ATS Andlauer LP is a leading single source transportation solutions provider in Canada, providing integrated trucking, courier, air freight and value added transportation and distribution services to consumer product companies. It operates facilities in 23 centres across Canada and serves approximately 1,400 diversified customers.

The Fund's units trade on the Toronto Stock Exchange under the symbol ATS.UN.

Additional information relating to the Fund, including all public filings, is available on


Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Fund. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Fund's services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.

Contact Information

  • ATS Andlauer Transportation Services GP Inc.
    Michael Andlauer
    President and Chief Executive Officer
    (416) 798-1379 ext. 200
    ATS Andlauer Transportation Services GP Inc.
    Brian Mascarenhas
    Vice President Finance and Chief Financial Officer
    (416) 798-1379 ext. 200
    (416) 798-9230 (FAX)