TSX Venture Symbol: PLC.UN
TORONTO, April 26 /CNW/ - Park Lawn Income Trust (the "Fund") announced
today the financial results for 2006. The Fund generated net income of
$2,199,922 or $0.64 per unit for the year ending December 31, 2006. The Fund
was created on July 12, 2006 and acquired its assets on September 15, 2006.
Results are based on the period September 15, 2006 to December 31, 2006.
The Fund met its objective of distributing $.055 per unit per month
during the period for a total per unit distribution of $0.25 per unit up to
December 31, 2006. On an annualized basis, this represents distributions of
$0.66 per unit per year or a 12.6% yield based on a unit price of $5.25 at
December 31, 2006.
The Fund's 2006 Financial Statements and Management's Discussion and
Analysis have been filed at SEDAR (www.sedar.com).
Park Lawn Income Trust is a trust established to indirectly hold six
cemeteries in the Greater Toronto Area and an interest in Bloorpark
Developments Inc. Its units are listed on the TSX Venture Exchange.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Frank Mills, Chief Executive Officer or Larry
Boland, Chief Financial Officer, Telephone No.: (416) 231-1462