OAKVILLE, ON, March 7 /CNW/ - (TSX: VIC.UN): Vicwest Income Fund (the
"Fund") announced today its cash distribution for the month of March 2007. The
monthly cash distribution of $0.13 per unit is payable on April 20, 2007 to
unitholders of record as of March 30, 2007.
The Fund was formed in July 2005 and began making monthly distributions
of $0.0925 per unit. Regular monthly distributions have increased three times
to the current regular monthly $0.13 per unit.
To the extent that taxable income exceeds cumulative monthly
distributions the Fund may make additional cash or in-specie distributions of
any excess, to minimize taxes paid. The Fund's ability to make future
distributions is not assured.
The Fund's policy is for unitholders of record on the last business day
of a calendar month to receive distributions during the thirty days following
the end of such month. Holders of units who are non-residents of Canada will
be required to pay all withholding taxes payable in respect of any
distributions of income by the Fund.
About the Fund
The Fund's Vicwest business unit, headquartered in Oakville, Ontario is
Canada's leading manufacturer of metal roofing, siding and other metal
building products. The Fund's storage products business unit operating under
the name of Westeel is based in Winnipeg, Manitoba and is Canada's foremost
manufacturer of steel containment products for the storage of grain,
fertilizer and petroleum products. The Fund has 15 manufacturing facilities
strategically located throughout Canada with approximately 1,000 dedicated
employees committed to providing quality products and excellent service to
customers in domestic and international markets.
This press release contains forward-looking information within the
meaning of applicable securities laws. Forward-looking information is subject
to certain factors, including risks and uncertainties, that could cause actual
results to differ materially from what the Fund currently expects and there
can be no assurance that such statements will prove to be accurate.
Accordingly, readers should not place undue reliance on forward-looking
statements. In particular, the Fund's expectations concerning future
distributions are subject to the risk factors detailed in the Fund's
continuous disclosure filings, and there can be no assurance that such
distributions will be made.
Further information can be found in the disclosure documents filed by
Vicwest Income Fund with the securities regulatory authorities, available at
For further information:
For further information: Mr. Jack Wilson, Chief Financial Officer, (905)
469-5702; Mr. Bryan H. Held, Executive Chairman, (905) 825-2252 ext 4252