TSX Venture Symbol: CFL.UN
CALGARY, June 23, 2011 /CNW/ - The board of directors of the general
partner for Canadian Equipment Rental Fund Limited Partnership (the
"Partnership" or "CERF LP") announces that they have approved a cash
distribution to the Partnership unitholders of $0.06 per unit for the
second quarter of 2011. If continued, this will represent $0.24 per
unit on an annualized basis. Payment will be made on or about July 15,
2011, to unitholders of record as of the close of business on June 30,
Investors are cautioned that future distributions are always subject to
approval from the board of directors of the general partner and may be
increased, decreased or suspended by the board at any time.
Distributions in 2011 will be a flow through of eligible dividends
received from wholly owned subsidiaries and therefore will be taxed as
dividends from Canadian public companies eligible for the enhanced
dividend tax credit.
Each partner who was a unitholder of record at any of the distribution
dates, during a given year, will receive, by mail in March of the
following year, a form T5013 from the Partnership's Transfer Agent or
the unitholder's brokerage firm. The T5013 indicates the amount and
nature of the taxable income the unitholder is responsible to report.
CERF LP is a Canadian limited partnership engaged in the rental, sale
and service of industrial and construction equipment. CERFLP trades on
the TSX Venture Exchange under the symbol "CFL.UN" and currently has
9,530,906 units issued and outstanding.
FORWARD LOOKING STATEMENTS
This press release contains forward looking statements subject to
various risk factors and uncertainties, which may cause the actual
results, performances, cash flows or the ability to pay distributions
to be materially different from the results, performances, cash flows
or the ability to pay distributions expressed or implied by such
forward looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Canadian Equipment Rental Fund Limited Partnership
For further information:
Wayne Wadley, President & CEO at (403) 850-4095, by email at email@example.com or Ken Stephens CFO at (403) 281-1042, by fax at (403)238-2720, by email at firstname.lastname@example.org.