Menu Foods Income Fund
TSX : MEW.UN

Menu Foods Income Fund

June 16, 2005 16:45 ET

Menu Foods Income Fund Announces June 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - June 16, 2005) –

Attention Business/Financial Editors

NOT FOR RELEASE OVER US NEWSWIRE SERVICES

Menu Foods Income Fund (TSX:MEW.UN)("Menu" or the "Fund") announced today its distribution of 9.00 cents per unit for the month of June 2005, payable on or before July 15, 2005 to unitholders of record on June 30, 2005.

The Fund's policy is for unitholders of record on the last business day of a calendar month to receive distributions during the thirty days following the end of such 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.

The Fund also announced that Menu Foods GenPar Limited (the general partner of Menu Foods Limited Partnership, a subsidiary of the Fund ("MFLP")) declared a distribution of 9.00 cents per unit to holders of Class B Exchangeable Units ("Class B Units") in MFLP for the month of June 2005 to unitholders of record on June 30, 2005.

During the month of June 2005, holders of 1,498,260 Class B Units converted those units into Units of the Fund. The holders of the 11,133,655 remaining Class B Units have agreed to forego the receipt of $847,251 of the June 2005 distribution (representing approximately $0.0761 per Class B Unit). Such unitholders shall be entitled to a reimbursement of such foregone distributions only to the extent the Fund generates sufficient distributable cash.

Menu is the leading North American private-label/contract manufacturer of wet pet food products sold by supermarket retailers, mass merchandisers, pet specialty retailers and other retail and wholesale outlets. Menu currently produces more than one billion containers per year.

Contact Information

  • Menu Foods GenPar Limited
    Mark Wiens
    Chief Financial Officer
    (905) 826-3870