OFI Income Fund announces November 2007 Distribution and Tax Treatment of Distributions for 2007

    OTTAWA, Nov. 13 /CNW/ - OFI Income Fund (OFB.un) announced today that the
Board of Trustees has approved cash distribution for the month of November
2007 of $ 0.065 per Fund unit covering the period of November 1, 2007 to
November 30, 2007, which will be paid on December 17, 2007 to unitholders of
record at the close of business on November 30, 2007.

    Tax Treatment of Distributions

    The Fund's tax treatment of distributions was income only in past years.
For the year ending December 31, 2007, we expect a significant portion of
distributions to be treated as Return on Capital (ROC). The final break-down
between income and ROC will be confirmed at year-end.

    About OFI Income Fund

    OFI income Fund is an unincorporated, open-ended trust established under
the laws of the Province of Ontario, created to indirectly acquire and hold
interest in the outstanding limited partnership units of OFI L.P. ("LP

    About OFI

    Since 1980, OFI has been manufacturing and distributing a broad range of
fibreglass insulation products including ceiling tiles designed for thermal
and acoustical applications. OFI products are destined for the residential as
well as non-residential/industrial markets in Canada, the US and overseas. OFI
manufactures under a low-cost operating structure and has been profitable for
the past 23 years.

    %SEDAR: 00022462E

For further information:

For further information: Catherine Skarzenski, Executive Vice-President
and Chief Financial Officer, Tel: (613) 247-7116, Fax: (613) 736-7281,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890