PRT Forest Regeneration Income Fund
TSX : PRT.UN

PRT Forest Regeneration Income Fund

October 18, 2006 10:19 ET

PRT Announces October 2006 Distribution and Release Date for Third Quarter Results

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - Oct. 18, 2006) - The PRT Forest Regeneration Income Fund (TSX:PRT.UN) announced today a cash distribution of $0.075 per unit for the month ending October 31, 2006. The distribution will be payable on November 15, 2006 to unitholders of record at the close of business on October 31, 2006. For Canadian income tax purposes, the distribution is comprised of taxable interest income of $0.06856 per unit, a return of capital of $0.00444 per unit, and taxable dividend income of $0.00200 per unit.

Release Date for Third Quarter Results

The Fund will release its Third Quarter financial results on Wednesday, November 1, 2006. The Fund will also host a conference call to further discuss these results. The call will take place on Thursday, November 2, 2006 at 11:00 AM PST, 2:00 PM EST. To participate in this conference call, please call 1-866-585-6398. To access a recording of the call at a later time, dial 1-866-245-6755, and Passcode # 364025. The recording will be available until November 9, 2006.

PRT will also webcast the conference call on the Internet, available via our web site at www.prtgroup.com. The webcast will be archived and available for listening at a later date.

The PRT Forest Regeneration Income Fund, through its operating subsidiary, Pacific Regeneration Technologies Inc., is the largest producer of container grown forest seedlings in North America. PRT operates 16 nurseries, and is managing approximately 220 million seedlings in 2006. The Fund's units are listed for trading on the Toronto Stock Exchange under the symbol PRT.UN.

Contact Information

  • PRT Forest Regeneration Income Fund
    Robert Miller
    VP Finance/CFO
    (866) 553-8733 ext. 227
    Website: www.prtgroup.com