FP Newspapers Income Fund

FP Newspapers Income Fund

December 31, 2010 17:38 ET

FP Newspapers Income Fund Announces Number of Units Issued and Consolidated in Special Year-End Distribution

WINNIPEG, MANITOBA--(Marketwire - Dec. 31, 2010) - FP Newspapers Income Fund (TSX:FP.UN) (the "Fund") announced today that its special distribution in the amount of $0.34 per unit to Unitholders of record at the close of business on December 31, 2010, which was declared on December 14, 2010, was paid today by way of the issuance of an aggregate of 368,427.202511 additional Fund units, based on the volume-weighted average trading price of the units for the 10 trading days ended December 30, 2010. Immediately after the special distribution, the number of outstanding units was automatically consolidated so that each Unitholder holds exactly the same number of units after the consolidation as that Unitholder held immediately prior to the special distribution.

FP Canadian Newspapers Limited Partnership owns the Winnipeg Free Press, the Brandon Sun, and their related businesses, as well as the Canstar Community News division, the publisher of eight community and special interest newspapers in the Winnipeg region. The Winnipeg Free Press publishes six days a week for delivery to subscribers and single copy sales, serving Winnipeg and Manitoba with an average Monday through Saturday circulation of approximately 126,500 copies. On Sundays the Winnipeg Free Press publishes a tabloid size newspaper sold through single-copy retail outlets and vending boxes. The Brandon Sun publishes seven days a week, serving the region with an average circulation of approximately 15,200 copies. Canstar Community News publishes weekly with an average circulation of approximately 200,000 copies. Based in Winnipeg, the businesses employ approximately 550 people in Winnipeg and Brandon. 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.

Contact Information

  • FP Newspapers Income Fund
    Daniel Koshowski
    Vice President, Finance and Administration
    (204) 697-7425
    (204) 632-0281 (FAX)