VANCOUVER, March 15 /CNW/ - Sun Gro Horticulture Income Fund (the "Fund")
(TSX: GRO.UN) announced today a cash distribution of $0.0750 per unit for the
March distribution period. The distribution will be made to unitholders of
record at the close of business on March 30, 2007 and will be payable on or
before April 16, 2007.
Based on distributions declared to date, the Fund's annualized cash
distribution rate for 2007 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