CanWel Building Materials Group Ltd.
TSX : CWX.UN

CanWel Building Materials Group Ltd.

January 20, 2006 08:30 ET

CanWel Building Materials Income Fund Declares January Cash Distribution

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 20, 2005) -

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

CanWel Building Materials Income Fund (the "Fund") (TSX:CWX.UN) today declared a cash distribution of $0.0817 per trust unit for the period from January 1, 2006 to January 31, 2006.

The cash distribution will be paid on February 20, 2006 to unitholders of record at the close of business on January 31, 2006, representing approximately a 23.5 per-cent yield based on the January 19, 2006 closing price of $4.17.

The Fund's policy is for unitholders of record on the last business day of a calendar month to receive distributions on or about the 20th day following the end of such month.

The Fund trades on the Toronto Stock Exchange under the symbol CWX.UN and is one of Canada's largest national distributors in the building materials and related products sector, operating 17 distribution centres across Canada. The Fund distributes a wide range of hardware, building materials, lumber and renovation products.

Further information can be found in the disclosure documents filed by CanWel Building Materials Income Fund with the securities regulatory authorities, available at www.sedar.com.



For further information regarding CanWel please contact:

Ali Mahdavi
Investor Relations
(416) 962-3300 or +1(866) 430-6247
amahdavi@genoa.ca


Contact Information

  • Genoa Management Limited
    Ali Mahdavi
    Investor Relations
    (416) 962-3300 or +1(866) 430-6247
    amahdavi@genoa.ca