YELLOW PAGES INCOME FUND
TSX : YLO.UN

YELLOW PAGES INCOME FUND

May 07, 2009 06:00 ET

Yellow Pages Income Fund Announces May 2009 Distribution

MONTREAL, QUEBEC--(Marketwire - May 7, 2009) - Yellow Pages Income Fund (TSX:YLO.UN) announced today that its monthly cash distribution of $0.0667 per Fund unit will be paid on June 15, 2009 to unitholders of record at the close of business on May 29, 2009.

This cash distribution covering the period from May 1, 2009 to May 31, 2009 is in accordance with the May 7, 2009 press release announcing the reduction in cash distributions to unitholders from $1.17 to $0.80 annually.

The Company believes a $0.0667 cash distribution per unit continues to provide an attractive source of income to investors while allowing the Fund to maintain a strong balance sheet and preserve financial flexibility.

About Yellow Pages Income Fund

Yellow Pages Income Fund indirectly holds an approximate 98% ownership interest in Yellow Pages Group and Trader Corporation. Yellow Pages Group is Canada's leading local commercial search provider. It publishes annually more than 340 Yellow Pages™ and residential directories. The Company owns and manages Canada's most visited online directories, YellowPages.ca™ and Canada411.ca™, as well as CanadaPlus.ca™, a network of seven local city sites. Trader Corporation is a Canadian leader in print and online vertical media with over 160 publications and 20 web sites covering four product verticals: automotive, real estate, generalist, as well as employment and other. Its main print brands include Auto Trader™, Auto Hebdo™, The Bargain Finder™, Buy&Sell™, Renters News™ and Home Renters' Guide™, and its online destinations, AutoTrader.ca™, HomeTrader.ca™, and LesPAC.com. For more information about the Fund, visit www.ypg.com.

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