Contrans Income Fund

Contrans Income Fund

March 11, 2005 12:09 ET

Contrans Income Fund Announces Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CONTRANS INCOME FUND

TSX SYMBOL: CSS.UN

MARCH 11, 2005 - 12:09 ET

Contrans Income Fund Announces Distribution

WOODSTOCK, ONTARIO--(CCNMatthews - March 11, 2005) - Contrans Income
Fund (TSX:CSS.UN) today declared a cash distribution of $0.1042 per
unit, for the month of March 2005, to unitholders of record at the close
of business on March 31, 2005. The distribution payment will be made on
April 15, 2005.

The Fund is an unincorporated, open-ended limited purpose trust created
for the purpose of acquiring and holding certain investments.

Contrans has been providing freight transportation services since 1985.
With over 1,300 power units and 1,900 trailers under management,
Contrans is one of the largest freight transportation companies in
Canada. In March, 2002, Contrans entered the school bus transportation
industry and currently operates over 700 buses servicing 20 school
boards.

The Fund provides unitholders with monthly distributions. Trust units
are listed on The Toronto Stock Exchange (under CSS.UN) and are eligible
for registered retirement savings plans (RRSP's), registered retirement
income funds (RRIF's) and deferred profit sharing plans (DPSP's). The
Fund has also implemented a distribution reinvestment plan (DRIP) which
will allow unitholders to receive distributions in the form of
additional units in lieu of cash and will also enable participants to
purchase additional units directly from the Fund.

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