Liquor Stores Income Fund
TSX : LIQ.UN

Liquor Stores Income Fund

January 18, 2005 12:40 ET

Liquor Stores Income Fund Announces January Cash Distribution

EDMONTON, ALBERTA--(CCNMatthews - Jan. 18, 2005) - Liquor Stores Income Fund
the "Fund") (TSX:"LIQ.UN") announced today a cash distribution of $0.0833 per
trust unit for the month of January, 2005. The distribution will be paid on
February 15, 2005 to holders of record of trust units on January 31, 2005. The
Fund's trust units will commence trading on an ex-distribution basis on January
27, 2005.

The Fund's policy is to pay cash distributions on or about the 15th of each
month to unitholders of record on the last business day of the preceding month.

The Fund is an open-ended trust that holds, indirectly, securities of Liquor
Stores Limited Partnership ("Liquor Stores LP"). Liquor Stores LP is Alberta's
largest liquor store retailer with 50 stores. The trust units of the Fund trade
on the Toronto Stock Exchange under the symbol "LIQ.UN".

Additional information about Liquor Stores Income Fund is available at
www.sedar.com.

Contact Information

  • Liquor Stores GP Inc.
    Irv Kipnes
    Chief Executive Officer
    (780) 944-9994 ext. 6

    or

    Liquor Stores GP Inc.
    Tom Orysiuk
    Chief Financial Officer
    (780) 917-4179