(TSX - MTL.UN)
CALGARY, Oct. 16 /CNW/ - The Board of Directors of Mullen Group Inc.
announced today that a monthly distribution of $0.15 per trust unit of Mullen
Group Income Fund ("Mullen" or "Fund") has been declared for the month of
October, 2007. The distribution will be paid on November 15, 2007 to
unitholders of record as of October 31, 2007. A distribution of $0.15 per unit
will also be paid to holders of Mullen Co. Limited Partnership B Units using
the same record date and payment date.
This press release may contain forward-looking statements that are
subject to risk factors associated with the oil and gas business and the
overall economy. The Fund believes that the expectations reflected in this
press release are reasonable, but results may be affected by a variety of
variables. The Fund relies on litigation protection for "forward-looking"
Mullen is an open-ended income fund that owns a network of independently
operated businesses. Today the Mullen Group is recognized as the largest
provider of specialized transportation and related services to the oil and
natural gas industry in western Canada and as one of the leading suppliers of
trucking and logistics services in Canada - two sectors of the economy in
which the Fund has strong business relationships and industry leadership.
Administration of the Fund is delegated to Mullen Group Inc. which, in
addition to managing the Fund, provides management and financial expertise,
technology and systems support to its independent businesses.
Mullen is a publicly traded income trust listed on the Toronto Stock
Exchange under the symbol "MTL.UN". Additional information is available on our
website at www.mullen-group.com.
For further information:
For further information: Mr. Murray K. Mullen, Chairman of the Board and
Chief Executive Officer; Mr. Stephen H. Lockwood, Co-Chief Executive Officer
and President; Mr. David E. Olson, Vice President, Finance and Chief Financial
Officer; P.O. Box 87, 1 Maple Leaf Road, Aldersyde, Alberta, Canada, T0L 0A0,
Tel: (403) 652-8888, Fax: (403) 601-8301