Dominion Citrus Income Fund
TSX : DOM.UN

Dominion Citrus Income Fund

November 29, 2010 15:09 ET

Dominion Citrus Income Fund (TSX:DOM.UN): Board Approval for Rights Offering

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2010) - The Board of Trustees of the Dominion Citrus Income Fund (the "Fund") (TSX:DOM.UN) has approved a one-for-four rights offering to be priced in early January. The rights offering would permit the Fund to raise capital to be advanced to Dominion Citrus Limited to fund its operations. The Fund will further announce the particulars of the issue once it has completed all necessary steps including regulatory approvals.

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:
    Dominion Citrus Income Fund
    Jason Fielden
    VP Finance, CFO & Corporate Secretary
    (416) 242-8341 Ext 250
    or
    Media:
    Dominion Citrus Income Fund
    Winston Ash
    President & CEO
    (416) 242-8341 Ext 249