Dominion Citrus Limited
TSX : DMN.PR.A

Dominion Citrus Limited

May 25, 2006 13:20 ET

Dominion Citrus Limited Announces Series A Preference Share Dividend

TORONTO, ONTARIO--(CCNMatthews - May 25, 2006) - The Board of Directors of Dominion Citrus Limited (TSX:DMN.PR.A) has declared a dividend on the Series A Preference Shares ("Series A"). The dividend is payable July 20, 2006 to Series A shareholders of record June 30, 2006. The dividend rate has been set at 7.0%, is calculated on a stated value of $2.25 per Series A and amounts to $0.07875 per Series A for the six months ending June 30, 2006.

About Dominion

The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. In early January 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 continue to be listed on the TSX under the symbol DMN.PR.A.

Dominion is a diversified food company supplying fresh produce, premium juices and maple syrup 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 over 400 customers, with its major domestic markets being Ontario and Quebec. The Company also supplies products to customers in the United States and Europe. The website may be accessed at www.dominioncitrus.com.

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 to 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.

Contact Information

  • Investors: Dominion Citrus Limited
    E. A. Atkinson
    VP Finance, CFO & Corporate Secretary
    (416) 242-8341 Ext 249
    or
    Media: Dominion Citrus Limited
    J.L. Lavergne
    President & CEO
    (416) 242-8341 Ext 250