CanWel Building Materials Group Ltd.
TSX : CWX.UN

CanWel Building Materials Group Ltd.

October 20, 2005 08:46 ET

CanWel Building Materials Income Fund Declares October Cash Distribution

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 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 October 1, 2005 to October 31, 2005.

The cash distribution will be paid on November 20, 2005 to unitholders of record at the close of business on October 31, 2005, representing approximately a 19.2 per-cent yield based on the October 19, 2005, closing price of $5.10.

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.

Contact Information

  • Ali Mahdavi
    Investor Relations
    (416) 962-3300
    amahdavi@genoa.ca
    or
    Tom Donaldson
    President
    (604) 432-1400