EDMONTON, March 17 /CNW/ - AutoCanada Income Fund ("AutoCanada")
(TSX:ACQ.UN) announced today its regular cash distribution of $0.0833 per
trust unit for the month of February (equivalent to $1.00 per trust unit on an
annualized basis). This distribution will be paid on April 15, 2008 to
unitholders of record at the close of business of March 31, 2008.
The policy of 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 19 franchised automobile
dealerships in six provinces and has over 940 employees. It currently sells
various new vehicle brands, including Chrysler, Dodge, Jeep(R), Hyundai,
Mitsubishi, Subaru, and, through managed dealerships, Nissan. In 2006, its
franchised automobile dealerships sold approximately 19,350 vehicles and
processed approximately 215,000 service and collision repair orders in 245
service bays, generating revenue of approximately $694 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: email@example.com