VANCOUVER, Feb. 15 /CNW/ - Sun Gro Horticulture Income Fund (the "Fund")
(TSX: GRO.UN) announced today a cash distribution of $0.0750 per unit for the
February distribution period. The distribution will be made to unitholders of
record at the close of business on February 29, 2008 and will be payable on or
before March 17, 2008.
Based on distributions declared to date, the Fund's annualized cash
distribution rate for 2008 is $0.90. Holders of units who are non-residents of
Canada will be subject to withholding taxes in respect of any distributions of
income by the Fund.
Sun Gro Horticulture Income Fund is a limited purpose trust established
on February 12, 2002 to hold the securities of Sun Gro Horticulture Canada
Ltd. Sun Gro Horticulture Canada Ltd. is the largest producer of peat in
North America and the largest distributor of peat moss and peat-based growing
media to North American professional plant growers.
For further information:
For further information: Bradley A. Wiens, Vice-President Finance and
Chief Financial Officer, Sun Gro Horticulture Canada Ltd., Tel: (425)
373-3603, E-mail: email@example.com