Village Farms Income Fund Announces Suspending Monthly Distributions

    VANCOUVER, June 19 /CNW/ - Village Farms Income Fund (the "Fund") (TSX:
VFF.UN) today announced that it is suspending its monthly distribution for the
foreseeable future. As previously announced in March, in conjunction with the
Fund's annual results, the Fund believes that it is prudent to conserve cash
in light of the current challenging economic times as well as to provide
capital for growth initiatives and to create a reserve for the cost of
converting the Fund to a corporate structure by the end of 2009.

    About Village Farms

    Village Farms is one of the largest producers, marketers and distributors
of premium-quality, greenhouse grown tomatoes, bell peppers and cucumbers in
North America. This premium product, as well as product produced under
exclusive arrangements with other greenhouse producers, is grown in
sophisticated, highly efficient and intensive agricultural greenhouse
facilities located in British Columbia and Texas. Village Farms' products are
marketed and distributed under the Village Farms(R) brand primarily to retail
grocers and dedicated fresh food distributors throughout the United States and
Canada. Village Farms currently operates distribution centres located in key
markets in the United States and Canada. Since its inception, Village Farms
has been guided by sustainable agricultural principles which integrate three
main goals; environmental health, economic profitability, and social &
economic equality.

    Forward-Looking Statements

    This news release includes statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. The Fund cautions that actual performance will be affected by a
number of factors, many of which are beyond its control. Future events and
results may vary substantially from what the Fund currently foresees.

    %SEDAR: 00020068E

For further information:

For further information: Stephen C. Ruffini, Senior Vice President and
Chief Financial Officer, Village Farms Canada Limited Partnership, (732)

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