Dominion Citrus Limited

Dominion Citrus Limited

May 26, 2005 17:05 ET

Dominion Citrus Limited Considers Conversion To An Income Trust

TORONTO, ONTARIO--(CCNMatthews - May 26, 2005) - Dominion Citrus Limited (TSX:DMN) announced today that it is considering the possible conversion of the Company to an income trust type structure.

Michael Blair, Chairman stated: "The Board of Directors is currently considering the conversion of the Company into an income trust type structure as one approach to enhancing shareholder value. Although it is too early to comment on the viability and appropriateness of this alternative for the Company, the Board has concluded that further study is warranted and authorized Company management to pursue this. There is no assurance that the Company will convert from its present form into an income trust type structure."

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.

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 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.

Contact Information

  • Dominion Citrus Limited
    Media: J.L. Lavergne
    President & CEO
    (416) 521-6289
    Dominion Citrus Limited
    Investors: E.A. (Ted) Atkinson
    V.P. Finance & CFO, Corporate Secretary
    (416) 521-6288