BFI Canada Income Fund

BFI Canada Income Fund

August 22, 2005 10:12 ET

BFI Canada Income Fund Confirms August 2005 Cash Distribution

TORONTO, ONTARIO--(CCNMatthews - Aug. 22, 2005) - As previously announced on August 4, 2005 BFI Canada Income Fund (the "Fund") (TSX:BFC.UN) has declared a cash distribution of C$0.1415 per trust unit for the month of August 2005.

The Trustees of the Fund recently approved an 8.1% increase to distributions from an annual rate of C$1.5708 per trust unit to C$1.698 per trust unit annually effective for the distribution payable on September 15, 2005 to unitholders of record on August 31, 2005.

This increase represents the fourth distribution increase for the Fund since its inception and is based on the strong year-to-date performance for the Fund, and an expected continuation of this performance.

BFI Canada Income Fund, through its operating subsidiaries, is one of North America's largest full-service waste management companies, providing non-hazardous solid waste collection and disposal services for municipal, commercial, industrial and residential customers in five provinces and nine states in the United States ("U.S."). The Fund serves approximately one million customers with vertically integrated collection and disposal assets. The Fund's Canadian segment operates under the BFI Canada brand and is one of Canada's largest full-service waste management companies providing integrated non-hazardous solid waste collection and landfill disposal services in the provinces of British Columbia, Alberta, Manitoba, Ontario and Quebec. The Canadian segment operates one and owns and operates four landfills, carries on solid waste collection operations in 19 markets and operates four transfer collection stations, seven material recovery facilities ("MRFs") and one landfill gas to energy facility. The Fund's U.S. operations provide integrated non-hazardous solid waste collection and landfill disposal services in two geographic regions as follows: the south, consisting of various service areas in Texas, Louisiana, Oklahoma, Arkansas and Missouri, and the northeast, consisting of various service areas in New York, New Jersey, Pennsylvania and Maryland. The U.S. south and northeast segments operate in 35 markets, and include 41 collection operations, 23 transfer stations, 17 landfills and seven recycling facilities. The Fund's units are listed on the Toronto Stock Exchange under the symbol BFC.UN.

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This document may contain forward-looking statements relating to the Fund's operations or to the environment in which it operates, which are based on the Fund's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the Fund's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the Fund's renewal Annual Information Form for the period ended December 31, 2004. Consequently, readers should not rely on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, the Fund cannot assure unitholders that actual results will be consistent with these forward looking statements, and the Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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