EDMONTON, March 15 /CNW/ - AutoCanada Income Fund ("AutoCanada")
(TSX:ACQ.UN) announced today its regular cash distribution of $0.0833 per
trust unit for the month of March (equivalent to $1.00 per trust unit on an
annualized basis). This distribution will be paid on April 16, 2007 to
unitholders of record at the close of business of March 30, 2007.
The policy of the AutoCanada is to pay cash distributions on or about the
15th of each month to the unitholders of record on the last business day of
the preceding month.
AutoCanada is Canada's only publicly traded entity with interests
exclusively in the operation of franchised automobile dealerships. Through its
54% interest in AutoCanada LP, it operates or manages 17 franchised automobile
dealerships in six provinces and has over 900 employees. AutoCanada currently
sells various new vehicle brands, including Chrysler, Dodge, Jeep, and
Hyundai. In 2005, 14 of the franchised automobile dealerships operated by the
Fund sold approximately 19,000 vehicles and processed approximately 204,000
service and collision repair orders in 223 service bays, generating revenue of
approximately $628 million.
Additional information about AutoCanada Income Fund is available at
www.sedar.com and the Fund's website at www.autocan.ca.
For further information:
For further information: Tom Orysiuk, CA, Executive Vice-President and
Chief Financial Officer, Phone: (780) 732-3139, Email: firstname.lastname@example.org