Dominion Citrus Income Fund

Dominion Citrus Income Fund

November 11, 2011 11:50 ET

Dominion Citrus Income Fund Third Quarter 2011 Report to Unitholders

Three Months Ended October 1, 2011 and September 25, 2010

TORONTO, ONTARIO--(Marketwire - Nov. 11, 2011) - Dominion Citrus Income Fund ("Dominion", the "Fund") (TSX:DOM.UN) reports operating profit of $80,000 for the three months ended October 1, 2011. This compares to an operating loss of $605,000 during the same period in 2010, thus marking a positive year-over-year increase of $685,000 in operating profit. The Fund recorded restructuring expenses of $106,000 during the quarter as it completed its move from the 51 Kelfield Street warehousing facility. After accounting for one- time items and interest expenses, the Fund had a net loss from continuing operations of $5,000 or $0.00 per unit compared to a net loss of $487,000 or $0.02 per unit for the same period in 2010. The net earnings from discontinued operations for the same periods were a net loss of $14,000 or $0.00 per unit versus a net loss of $29,000 or $0.01 per unit in 2010.

About Dominion

The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. On January 1, 2006, all of the common shares of Dominion Citrus Limited ("DCL") were exchanged for trust units of the Fund. The trust units are listed on the TSX under the symbol DOM.UN. The Series A preference shares of DCL are listed on the TSX under the symbol DMN.PR.A.

Dominion is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. Dominion provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Québec. Dominion also supplies products to customers in the United States. The Fund's website may be accessed at

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