Dominion Citrus Income Fund
TSX : DOM.UN

Dominion Citrus Income Fund

December 19, 2011 15:25 ET

Dominion Citrus Income Fund Announces Special Distribution of Trust Units and Changes to the Board of Trustees

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) - Dominion Citrus Income Fund (the "Fund") (TSX:DOM.UN) today announced that the Board of Trustees has approved a special distribution of $0.0275 per unit, which shall be paid by a "distribution in kind" of trust units of the Fund, calculated with reference to the closing price of the Units on the Toronto Stock Exchange on January 13, 2012. The distribution will be paid on January 16, 2012 to Unitholders of record at the close of business on December 30, 2011.

The Fund further announces that it has completed changes to its Board of Trustees including the addition of Paul Scarafile as a Trustee and the appointment of Peter McLaughlin as Chairman of the Board of Trustees.

Caution regarding Forward-Looking Statements

This release contains statements, which, to the extent that they are not a recitation of historical fact, may constitute "forward-looking statements". Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or performance, or our underlying assumptions. The words "estimate", "anticipate", "believe", "expect", "intend" or other similar expressions of future or conditional verbs such as "will", "should", "would" and "could" are intended to identify forward-looking statements. Persons reading this press release are cautioned that such statements are only expectations, and that our actual results or performance may be materially different.

Forward-looking information involves certain risks, assumptions, uncertainties and other factors which may cause actual future results to differ materially from those expressed or implied in any forward-looking statements.

Readers should not place undue reliance on these forward-looking statements when making decisions, and should consider the date onto which the statements were made. Except as required by applicable security law, management disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Dominion

Dominion is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. The Company provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Québec. The Company also supplies products to customers in the United States. Dominion is a subsidiary of the Fund. The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. The trust units are listed on the TMX under the symbol DOM.UN. Dominion's website may be accessed at www.dominioncitrus.com.

Contact Information

  • Investors & Media
    Dominion Citrus Ltd.
    Jason Fielden
    President & CEO
    (416) 242-8341 Ext 250
    www.dominioncitrus.com