Spinrite Income Fund
TSX : SNF

Spinrite Income Fund

August 16, 2005 10:49 ET

Spinrite Income Fund Announces August Distribution

LISTOWEL, ONTARIO--(CCNMatthews - Aug. 16, 2005) - Spinrite Income Fund (TSX:SNF) announced today its cash distribution of $0.08333 per unit for the period from August 1, 2005 to August 31, 2005. This distribution will be made to unitholders of record at the close of business on August 31, 2005, and will be payable on September 15, 2005.

Spinrite Income Fund is an open-ended, limited purpose trust established under the laws of the Province of Ontario, which indirectly holds an 80% interest in Spinrite Limited Partnership ("Spinrite"). Spinrite is the largest producer and marketer of craft yarn in Canada and one of the largest and fastest growing in the United States. Established in 1952, Spinrite researches, develops, manufactures and markets a broad variety of consumer craft yarns. The company also supports its market with patterns that provide customers with creative ideas for knitted products. Spinrite has approximately 600 employees at its fully integrated manufacturing and distribution centre in Listowel, Ontario.

Contact Information

  • Spinrite Income Fund
    Ryan Newell
    Chief Financial Officer
    (519) 291-3780, ext. 278
    (519) 291-3232 (FAX)
    rnewell@spinriteyarns.com
    or
    BarnesMcInerney Inc.
    John Vincic
    Executive Vice President, IR Division
    (416) 367-5000 ext. 249
    (416) 367-5390 (FAX)
    jvincic@barnesmcinerney.com