Stephenson's Rental Services Income Fund
TSX : RNT.UN

Stephenson's Rental Services Income Fund

October 20, 2005 09:35 ET

Stephenson's Rental Services Income Fund Declares Cash Distribution

MISSISSAUGA, ONTARIO--(CCNMatthews - Oct. 20, 2005) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Stephenson's Rental Service Income Fund (the "Fund") (TSX:RNT.UN) announced today a cash distribution of $0.0917 per Class A unit for the period from October 1, 2005 to October 31, 2005, to be paid November 15, 2005 to holders of record of Class A units of the Fund on October 31, 2005.

The announcement of the October distribution is the third consecutive distribution to be declared by the Fund consistent with its intention, as stated in its final prospectus, to pay regular monthly cash distributions in the estimated amount of $0.0917 per Class A unit.

About Stephenson's:

Stephenson's is the leading general tool and equipment rental company in Toronto and the surrounding areas. Through its extensive branch network, Stephenson's provides rental equipment and sells related merchandise and new equipment to a diverse base of over 30,000 customers across new construction and renovation sectors. Stephenson's rents equipment across five categories: (i) general tools; (ii) light construction equipment; (iii) heavy construction equipment; (iv) heating equipment; and (v) scaffolding.

Further information can be found in the disclosure documents filed by Stephenson's Rental Services Income Fund with the securities regulatory authorities, available at www.sedar.com.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Certain statements in this press release may constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Fund to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada to which recipients of this press release are referred for additional information concerning the Fund, its prospects and the risks and uncertainties relating to the Fund and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund to be materially different from those contained in forward-looking statements. The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

Contact Information

  • Stephenson's Rental Service Income Fund
    William D. Swisher
    Chief Executive Officer
    (905) 507-3650