Premium Brands Income Fund
TSX : PBI.UN

Premium Brands Income Fund

May 19, 2006 09:00 ET

Premium Brands Income Fund Announces May 2006 Distribution

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 19, 2006) - Premium Brands Income Fund (TSX:PBI.UN) announced today a cash distribution of $0.098 per unit for the month of May, 2006. The distribution will be made to unitholders of record at the close of business on May 31, 2006 and will be payable on June 15, 2006.

Premium Brands owns a broad range of leading branded specialty food businesses with manufacturing and distribution facilities located in British Columbia, Alberta, Saskatchewan, Manitoba and Washington. In addition, the Fund owns proprietary food distribution and wholesale networks through which it sells both its own products and those of third parties to approximately 20,000 customers. The Fund's family of brands include Grimm's, Harvest, McSweeney's, Quality Fast Foods, Hempler's, Hygaard and Harlan's.

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements with respect to Premium Brands, including its business operations strategy and financial performance and condition. These statements generally can be identified by the use of forward-looking words such as "may", "could", "should", "would", "will", "expect", "intend", "plan", "estimate", "project", "anticipate", "believe" or "continue", or the negative thereof or similar variations. Although management believes that the expectations reflected in such forward-looking statements are reasonable and represent the Fund's internal expectations and belief at this time, such statements involve unknown risks and uncertainties which may cause the Fund's actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the Fund's expectations include, among other things: (i) seasonal fluctuations in the Fund's sales; (ii) changes in the cost of raw materials used for the Fund's products; (iii) changes in consumer preferences for food products; (iv) competition from other food manufacturers and distributors; (v) new government regulations affecting the Fund's business and operations; and (vi) other factors discussed or referenced in the "Risk Factors" section included in the Premium Brands' Annual Information Form dated March 22, 2006 which is filed electronically through SEDAR. It and additional information on Premium Brands is available online at www.sedar.com.

The Fund disclaims any intention or obligations to revise forward-looking statements whether as a result of new information, future developments, or otherwise.


Contact Information

  • Premium Brands Income Fund
    George Paleologou
    President
    (604) 656-3100
    or
    Premium Brands Income Fund
    Will Kalutycz
    CFO
    (604) 656-3100