Dominion Citrus Income Fund
TSX : DOM.UN

Dominion Citrus Income Fund
Dominion Citrus Limited
TSX : DMN.PR.A

Dominion Citrus Limited

February 27, 2015 09:28 ET

Dominion Citrus Income Fund (TSX:DOM.UN) and Dominion Citrus Limited (TSX:DMN.PR.A) Update Situation at Dominion Farm Produce Limited

TORONTO, ONTARIO--(Marketwired - Feb. 27, 2015) - Dominion Citrus Income Fund (TSX:DOM.UN) (the "Fund") and Dominion Citrus Limited (TSX:DMN.PR.A) ("DCL") are updating the information (see previous press release dated February 23, 2015) regarding the fire at the Bradford, Ontario premises of Dominion Farm Produce Limited ("Dominion Farm"), a wholly-owned subsidiary of DCL. Dominion Farm has now resumed operations with the co-operation of two smaller packing operators who are also located in the Bradford area. Although its own packing facilities in Bradford remain closed, Dominion Farms has arranged for the use of two local packing facilities from which, using Dominion Farm produce and employing Dominion Farm labour, it is once again supplying all its customers' needs. Dominion Farm continues to package Dominion Farm produce under its own brand name "Country Fresh" and under private labels as before. Dominion Farm does not foresee any further significant interruption to its operations and believes it is in a position to continue to satisfy its customers' needs.

The extent of the damage at the Dominion Farm premises in Bradford continues to be evaluated by the insurers and by management. Dominion Farm believes it has adequate insurance to cover its losses. No determination has yet been made as to when the premises at 215 Dissette Street in Bradford might re-open.

About Dominion

Dominion Farm supplies local produce, particularly carrots and onions, as well as beets and parsnips, to supermarket chains, independent food retailers and foodservice companies in Canada, the United States and the Caribbean under the brand name "Country Fresh" as well as under private labels.

DCL is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. DCL provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Québec. DCL also supplies products to customers in the United States.

The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. On January 1, 2006, all of the common shares of 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. The Fund's website may be accessed at www.dominioncitrus.com.

Cautionary Statement Regarding Forward Looking Information and Statements

Certain statements contained in this press release contain "forward-looking information" pursuant to Canadian securities laws ("forward-looking statements"). Forward-looking statements relate to future events, including Dominion Farm's expectation that it will be able to continue to supply its customers without interruption, its expectation that the Bradford premises will re-open and its belief as to the adequacy of its insurance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential" and "capable" and similar expressions are intended to identify forward-looking statements. These forward-looking statements may be affected by the risks and uncertainties in the Fund's and DCL's business, including those described in the Fund's and DCL's most recent annual information form filed on SEDAR at www.sedar.com. Any forward-looking statements speak only as of the date of this press release, and the Fund assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date of this press release except as required by applicable securities laws.

Contact Information

  • Dominion Citrus Limited
    Winston Ash
    President & CEO
    (416) 242-8341 x 250