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

Dominion Citrus Limited

November 16, 2005 17:15 ET

Dominion Citrus Limited Clarifies Previously Announced Distribution Rate

TORONTO, ONTARIO--(CCNMatthews - Nov. 16, 2005) - Dominion Citrus Limited (TSX:DMN)(TSX:DMN.PR.A) ("Dominion", the "Company"):

Further to the press release dated November 14, 2005, for greater clarity the previously announced initial distribution rate of $0.12 refers to an annual rate per unit which shall be payable in the amount of $0.01 per month. As stated in the Company's previous release, there can be no assurance that the initial distribution rate will be maintained at this level over time.

About Dominion

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 are also directed to the Management Information Circular which outlines risks and uncertainties.

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.

Contact Information

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