Avenir Diversified Income Trust
TSX : AVF.UN

Avenir Diversified Income Trust

July 14, 2005 16:51 ET

Avenir Diversified Income Trust Announces a 5% Increase in the July Distribution

CALGARY, ALBERTA--(CCNMatthews - July 14, 2005) - Avenir Diversified Income Trust (the "Trust") (TSX:AVF.UN) is pleased to announce its July 2005 distribution. The cash distribution will be $0.1113 per Trust Unit, which is a 5% increase on its previous monthly distributions. The recent acquisitions, the growth in the energy division and continued high commodity prices have provided the Trust with the opportunity to increase distributions at this time. With this increase, the Trust will have increased distributions five times since inception totaling 65%. The distribution will be paid on August 15, 2005, to unitholders of record on July 29, 2005. The ex-distribution date is July 27, 2005.

Forward-Looking Statements: Certain information set forth in this press release, including a discussion of future plans and operations, contains forward looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ materially from those expressed in or implied by these forward-looking statements.

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Avenir Diversified Income Trust
    William Gallacher
    Chief Executive Officer
    (403) 237-9949
    or
    Avenir Diversified Income Trust
    Gary Dundas
    Chief Financial Officer
    (403) 237-9949
    (403) 237-0903 (FAX)
    or
    Avenir Diversified Income Trust
    Suite 300, 808 - 1st Street S.W.
    Calgary, Alberta
    T2P 1M9