SFK Pulp Fund decreases its cash distribution from $0.02 to $0.01 per unit



    LONGUEUIL, QC, Nov. 21 /CNW Telbec/ - SFK Pulp Fund (TSX: SFK.UN)
announced today that it has declared a cash distribution of $0.01 per unit,
payable on December 17, 2007 to unitholders of record at the close of business
on November 30, 2007.
    "We are disappointed that we had to reduce distributions again despite
overall good pulp market conditions. However, with a highly volatile and
strong Canadian dollar, the board of directors decided to remain prudent and
to reduce the distribution level to $0.01 per unit", said André Bernier,
President and Chief Executive Officer of SFK Pulp.

    SFK Pulp operates, through its subsidiaries, the Saint-Félicien Mill, the
Fairmont Mill and the Menominee Mill (with a total annual production capacity
of 735,000 metric tonnes) and employs approximately 550 people. The
Saint-Félicien Mill (located in Saint-Félicien, Québec, approximately 450
kilometres north of Montréal) has an annual production capacity of 375,000
metric tonnes of NBSK pulp and supplies NBSK pulp to various sectors of the
paper industry in Canada, the United States and in Europe for use in
speciality products. The Fairmont Mill (located in Fairmont, West Virginia)
and the Menominee Mill (located in Menominee, Michigan), with a combined
annual production capacity of 360,000 metric tonnes, both manufacture
air-dried market recycled bleached kraft (RBK) pulp and primarily supply RBK
pulp to manufacturers of uncoated freesheet, commercial and away-from-home
tissue and coated paper in the United States.
    %SEDAR: 00018041EF




For further information:

For further information: Investors and Analysts: Mr. Paul Bourque, Chief
Financial Officer, (450) 677-7857 ext. 2224; Medias and Others: Mr. Mathieu
Claise, Optimum Public Relations, (418) 265-2512

Organization Profile

SFK PULP 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