LONGUEUIL, QC, Feb. 27 /CNW Telbec/ - SFK Pulp wishes to inform its
unitholders of the 2008 distributions tax breakdown.
Canadian resident unitholders
Out of the distributions declared in 2008, 100% consisted of a
non-taxable return of capital (therefore reducing the adjusted cost base of
the unitholder's units for tax purposes). Unitholders are advised to consult
with their tax advisors as to their particular situation regarding tax related
United States resident unitholders
US unitholders who receive distributions are generally subject to a 15%
Canadian withholding tax, applied to the taxable portion of the distribution
as computed under Canadian tax law. US taxpayers may be eligible for a foreign
tax credit with respect to Canadian withholding taxes paid. The foreign tax
credit limitations are complex and US taxpayers should consult with their tax
advisors regarding its application.
About SFK Pulp
SFK Pulp (TSX: SFK.UN), a leading producer and marketer of premium virgin
and recycled kraft pulp, operates three mills in Saint-Félicien, Québec,
Fairmont, West Virginia, and Menominee, Michigan. SFK Pulp employs
approximately 550 people and has a total annual production capacity of 735,000
metric tonnes. The Saint-Félicien Mill supplies northern bleached softwood
kraft (NBSK) pulp to various sectors of the paper industry in Canada, the
United States and Europe for use in speciality products. The Fairmont and
Menominee Mills manufacture air-dried market recycled bleached kraft (RBK)
pulp and primarily supply manufacturers of uncoated freesheet, commercial and
away-from-home tissue and coated paper in the U.S.
For further information:
For further information: Investors and Analysts: Mrs. Patsie Ducharme,
SFK Pulp, Vice-President and Chief Financial Officer, (450) 677-7857 ext.
2225; Media and others: Mr. Dany Paradis, SFK Pulp, Vice-President, Change
Management and Public Affairs, (450) 677-7857 ext. 2227; Mr. Rick Leckner,
MaisonBrison, (514) 731-0000 ext. 222