Hartco Income Fund

Hartco Income Fund

October 16, 2006 09:34 ET

Hartco Declares Monthly Distribution

MONTREAL, QUEBEC--(CCNMatthews - Oct. 16, 2006) - Hartco Income Fund (TSX:HCI.UN) (the "Fund") announced a cash distribution for the month of October 2006 of $0.05 per unit. The distribution will be payable on November 15, 2006 to unitholders of record at the close of business on October 31, 2006.

Hartco Income Fund's policy is to pay monthly distributions on or about the fifteenth day of each month to unitholders of record on the last day of the preceding month.

Holders of units who are non-residents of Canada will be subject to withholding taxes in respect of any distributions made by Hartco Income Fund.

Fund Profile

Hartco Income Fund has been a leader in the Canadian information technology business for more than thirty years. Through its operating divisions, which together include more than 90 commercial and retail locations across Canada, Montreal-based Hartco delivers digital technology products and services to consumers of every age and to private and public sector organizations of every size.

Forward-Looking Statements

This news release contains forward-looking information. Except for historical information contained herein, the statements in this document are forward-looking. Forward-looking statements involve knows and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from forecasted results. Those risks include, among others, changes in customer demand for information technology products or services, changes in supplier pricing actions or terms, customer orders, pricing actions by competitors and general changes in economic conditions.

Contact Information

  • Hartco Administration Inc.
    Carl Gauvreau
    Vice-President Finance and Chief Financial Officer
    514-354-8989 (FAX)