OFI Income Fund announces March 2007 Cash Distribution



    OTTAWA, March 22 /CNW/ - OFI Income Fund (OFB.un) announced today that
its March cash distribution of $ 0.104167 per Fund unit covering the period of
March 1, 2007 to March 31, 2007, will be paid on April 16, 2007 to unitholders
of record at the close of business on March 30, 2007.
    In light of a challenging environment due to delays in the start-up of
the new Tillsonburg facility and the softening housing market, no distribution
will be paid to the holders of Class B limited partnership units for the
quarter period from January 1, 2007 to March 31, 2007. Joseph Skarzenski,
President, Chief Executive Officer and Chair of the Board of Trustees of the
Fund, stated "With this decision the trustees of the Fund are erring on the
side of caution, regardless of our significant cash position standing at
approximately $6.0 million at the end of February". This highlights how the
unique structure, put in place at the time of the Fund's IPO in September
2005, works to protect the public unitholders in times of market uncertainty,
thereby ensuring that Fund unitholders will receive their cash distribution in
priority.

    About OFI Income Fund
    OFI income Fund is an unincorporated, open-ended trust established under
the laws of the Province of Ontario, created to indirectly acquire and hold
interest in the outstanding limited partnership units of OFI L.P.
("LP Units").

    About OFI
    Since 1980, OFI has been manufacturing and distributing a broad range of
fibreglass insulation products including ceiling tiles designed for thermal
and acoustical applications. OFI products are destined for the residential as
well as non-residential/industrial markets in Canada, the US and overseas. OFI
manufactures under a low-cost operating structure and has been profitable for
the past 23 years.
    %SEDAR: 00022462E




For further information:

For further information: Catherine Skarzenski, Executive Vice-President
and Chief Financial Officer, Tel: (613) 247-7116, Fax: (613) 736-7281,
Investors@OFIincomefund.com

Organization Profile

OFI INCOME FUND

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890