Menu Foods Income Fund
TSX : MEW.UN

Menu Foods Income Fund

November 15, 2005 14:29 ET

Menu Foods Income Fund Announces November 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 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 5.00 cents per unit for the month of November 2005, payable on or before December 15, 2005 to unitholders of record on November 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 5.00 cents per unit to holders of Class B Exchangeable Units ("Class B Units") in MFLP for the month of November 2005, payable on or before December 15, 2005 to unitholders of record on November 30, 2005.

The holders of 11,133,655 Class B Units have agreed to forego the receipt of $402,418 of the November 2005 distribution (representing approximately $0.0361 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