Royal Utilities Income Fund

Royal Utilities Income Fund

August 22, 2007 10:56 ET

Royal Utilities Income Fund Announces August 2007 Cash Distribution

TORONTO, ONTARIO--(Marketwire - Aug. 22, 2007) - Royal Utilities Income Fund (the "Fund") (TSX:RU.UN) announced today that its Board of Trustees has approved a cash distribution of $0.07997 per unit, payable on September 14, 2007 to unitholders of record as of August 31, 2007.

About Royal Utilities Income Fund

The Fund is an unincorporated, open-ended, limited purpose trust established under the laws of Alberta. The Fund directly holds all of the shares of Prairie Mines & Royalty Ltd. (the "Company"), which is the largest thermal coal producer in Canada. The Company owns and operates the Paintearth, Sheerness, Genesee (50% joint venture interest), Poplar River, Boundary Dam and Bienfait mines, and operates the Highvale and Whitewood mines under contract. A total of 36 million tonnes of coal was produced by the Company in 2006.

The Company also holds a portfolio of mineral rights located in Alberta and Saskatchewan on which it earns royalties from the production of coal and potash.

The Company's revenue is derived from two principal sources: the supply of thermal coal under long-term contracts with the major electric utilities in Alberta and Saskatchewan, and royalty payments received from certain utility customers and other parties based on coal and potash production.

Contact Information

  • Royal Utilities Income Fund
    Investor Relations
    (416) 934-7655