Cineplex Galaxy Income Fund

Cineplex Galaxy Income Fund

March 21, 2005 12:52 ET

Cineplex Galaxy Income Fund Announces its March 2005 Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CINEPLEX GALAXY INCOME FUND

TSX SYMBOL: CGX.UN

MARCH 21, 2005 - 12:52 ET

Cineplex Galaxy Income Fund Announces its March 2005
Distribution

TORONTO, ONTARIO--(CCNMatthews - March 21, 2005) - Not for release over
US newswire services

Cineplex Galaxy Income Fund (TSX:CGX.UN) announced today its cash
distribution of $0.0958 per unit for the month of March 2005, payable on
April 30, 2005 to unit-holders of record on March 31, 2005.

The Fund's policy is for unitholders of record on the last business day
of a calendar month to receive distributions during the thirty days
following the end of such month. Holders of units who are non-residents
of Canada will be required to pay all withholding taxes payable in
respect of any distributions of income by the Fund.

The Fund owns an approximate 42.4% interest in Cineplex Galaxy Limited
Partnership. The Partnership owns, operates or has an interest in 86
theatres with 775 screens in Canada, and is the second largest film
exhibition company in the country. The Partnership operates the theatres
under the Cineplex Odeon and Galaxy brands. Cineplex Odeon has enjoyed
an important urban market presence in Canada for over 20 years and
Galaxy has become a leading entertainment destination in mid-sized
communities.

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

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Cineplex Galaxy Income Fund
    Gord Nelson
    Chief Financial Officer
    (416) 323-6602
    (416) 323-6633 (FAX)
    or
    Cineplex Galaxy Income Fund
    Pat Marshall
    Vice President Communications and Investor Relations
    (416) 323-6648
    (416) 323-6633 (FAX)
    www.cineplexgalaxy.com