OAKVILLE, ON, March 17 /CNW/ - (TSX: VIC.UN): Vicwest Income Fund (the
"Fund") announced today its cash distribution for the month of March 2008. The
monthly cash distribution of $0.13 per unit is payable on April 21, 2008 to
unitholders of record as of March 31, 2008.
To the extent that taxable income exceeds cumulative monthly
distributions the Fund may make additional cash or in-specie distributions of
any excess, to minimize taxes paid. The Fund's ability to make future
distributions is not assured.
The Fund's policy is for unitholders of record on the last business day
of a calendar month to receive distributions during the thirty days following
the end of such month. Holders of units who are non-residents of Canada will
be required to pay all withholding taxes payable in respect of any
distributions of income by the Fund.
About the Fund
The Fund, headquartered in Oakville, Ontario, is one of Canada's leading
manufacturers and distributors of construction building products including
metal roofing, siding and other metal building products. The Fund fabricates
and markets these products under the Vicwest, Mercury Metals and Valley Truss
& Metal trade names. Under the Westeel trade name, the Fund is Canada's
foremost manufacturer of steel containment products for agricultural storage
of grain and fertilizer. The Fund's petroleum storage tanks and accessories
are manufactured and distributed under the trade names Westeel, Northern Steel
Industries and NSI. The Fund has 15 manufacturing facilities strategically
located throughout Canada with approximately 1,000 dedicated employees
committed to providing quality products and excellent service to customers in
domestic and international markets.
This press release contains forward-looking information within the
meaning of applicable securities laws. Forward-looking information is subject
to certain factors, including risks and uncertainties, that could cause actual
results to differ materially from what the Fund currently expects and there
can be no assurance that such statements will prove to be accurate.
Accordingly, readers should not place undue reliance on forward-looking
statements. In particular, the Fund's expectations concerning future
distributions are subject to the risk factors detailed in the Fund's
continuous disclosure filings, and there can be no assurance that such
distributions will be made.
Further information can be found in the disclosure documents filed by
Vicwest Income Fund with the securities regulatory authorities, available at
www.sedar.com and on the Fund's website www.vicwestfund.com.
For further information:
For further information: Mr. John Slattery, Executive Vice President and
CFO, (905) 469-5706; Mr. Colin Osborne, President and CEO, (905) 469-5700