Drive Products Income Fund

Drive Products Income Fund

July 15, 2008 15:24 ET

Drive Products Income Fund Announces July 2008 Cash Distributions

TORONTO, ONTARIO--(Marketwire - July 15, 2008) - Drive Products Income Fund (TSX:DPI.UN) today announced a cash distribution of $0.04171 per unit for the month of July, 2008 (equivalent to $0.50052 per unit on an annualized basis). The distribution is payable to unitholders of record on July 31, 2008 and will be paid on August 15, 2008.

Unitholders who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions by the Trust.

About Drive Products Income Fund

Founded in 1983, Drive Products is a Canadian leader in the design and installation of systems solutions that transform a conventional new truck chassis into a specialized vehicle that meets a customer's technical and performance requirements. To achieve this, Drive Products offers a wide variety of products such as PTOs, hydraulic pumps, motors and coolers, winches, cables and controls, drivelines, blowers and compressors, hoses and fittings, custom consoles, snowplows, spreaders and electronic spreader controls, from leading international manufacturers, in many instances as the sole distributor in Canada.

The Fund was created on August 25, 2006 and the Fund's units trade on the Toronto Stock Exchange under the symbol DPI.UN. Additional information on Drive Products, can be viewed at

Forward Looking Statements

This press release contains forward-looking statements relating to expected future events and financial and operating results of the Fund. These statements involve known and unknown risks and uncertainties. Actual results may differ materially from those anticipated by such forward-looking statements for a variety of reasons, including without limitation, market and general economic conditions, oil field services industry conditions, defence spending, competition, interest rates, income tax legislation, reliance on suppliers, exchange rates, stock market volatility and other risks and uncertainties described from time to time in the Fund's continuous disclosure documents filed with the Canadian securities regulatory authorities or which may be unknown to the Fund. The Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Contact Information

  • Drive Products Income Fund
    Gregory Edmonds
    Chief Executive Officer
    (905) 564-5800