FP Newspapers Income Fund

FP Newspapers Income Fund

March 17, 2005 17:14 ET

FP Newspapers Income Fund Announces Monthly Distribution-March 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FP NEWSPAPERS INCOME FUND

TSX SYMBOL: FP.UN

MARCH 17, 2005 - 17:14 ET

FP Newspapers Income Fund Announces Monthly
Distribution-March 2005

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 17, 2005) - FP
Newspapers Income Fund (TSX:FP.UN), today announced a distribution of
10.75 cents per unit for the month of March 2005, to unitholders of
record on March 31, 2005. The distribution will be paid April 28, 2005.

The Fund owns securities entitling it to 49% of the distributable cash
of FP Canadian Newspapers Limited Partnership. The Fund's policy is for
unitholders of record on the last business day of a calendar month to
receive distributions on or before the last day of the following month.
Holders of units who are non-residents of Canada will be required to pay
all withholding taxes payable in respect of any distributions of income
by the Fund.

FP Canadian Newspapers Limited Partnership owns the Winnipeg Free Press,
the Brandon Sun, and their related businesses, as well as Canstar
Community News Limited, the publisher of five community newspapers in
the Winnipeg region. The Winnipeg Free Press newspaper publishes seven
days a week, serving Winnipeg and Manitoba with an average seven-day
circulation of approximately of 125,000. The Brandon Sun also publishes
seven days a week, serving the region with an average circulation of
approximately 15,000. Canstar Community News publishes weekly with an
average circulation of approximately 182,000. Based in Winnipeg, the
businesses employ approximately 620 people in Winnipeg, Brandon and
Thunder Bay. Further information can be found at www.fpnewspapers.com,
and in the disclosure documents filed by FP Newspapers Income Fund with
the securities regulatory authorities available at www.sedar.com.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    FP Newspapers Income Fund
    Kevin Karr
    Vice President, Chief Financial Officer and Secretary
    (604) 646-3782
    (604) 681-8861 (FAX)
    www.fpnewspapers.com