TORONTO, April 17 /CNW/ - The Board of Directors of CaRIT Limited in its
capacity as Trustee for Canadian Resources Income Trust ("CaRIT" or the
"Trust") has declared a cash distribution of $0.1110 per Trust Unit, payable
on May 15, 2007 to holders of record at the close of business on April 30,
2007. This is the first distribution paid by CaRIT following the approved
extension of the term of the Trust for an additional three years to March 31,
2010. Consequently, the new twelve month trailing distribution totals $1.261
(2006 - $1.147) per Unit.
CaRIT is an investment trust which provides investors with high current
yield and low cost diversification through a fixed portfolio of Trust Units of
selected Canadian income funds focused primarily on the natural resources
Unitholders are entitled to receive monthly distributions as declared by
the Trustee of CaRIT. The Trustee generally intends to declare and pay monthly
distributions to the extent of distributions received in the month from the
underlying income funds in CaRIT's portfolio, less CaRIT's estimated operating
expenses for the period. As distributions are received by CaRIT from the
underlying income funds on a varying payout schedule, amounts distributed by
CaRIT will fluctuate from month to month.
Trust Units of CaRIT are listed for trading on The Toronto Stock Exchange
under the symbol RTU.UN.
For further information:
For further information: Investor Relations, CaRIT Limited, Trustee of
Canadian Resources Income Trust, (416) 863-7144, E-mail:
email@example.com, Web site: www.scotiamanagedcompanies.com