Business
Badger Income Fund January cash distribution
TSX-BAD.UN CALGARY, Jan. 15 /CNW/ - Badger Income Fund ("Badger") today announced that the truste...
About this update from Badger Infrastructure Solutions Ltd
[{"type":"text","content":"\n\n\n\nTSX-BAD.UN\n\n\nCALGARY, Jan. 15 /CNW/ - Badger Income Fund ("Badger") today announced\nthat the trustees of Badger declared a cash distribution for the month of\nJanuary of $0.105 per fund unit, representing $1.26 per fund unit on an\nannualized basis. Payment will be made on or about February 15, 2008 to\nunitholders of record on January 31, 2008.\n\n\nBadger Income Fund is an open-ended trust that is North America's largest\nprovider of non-destructive excavating services. Badger traditionally works\nfor contractors and facility owners in the utility and petroleum industries.\nOur key technology is the Badger Hydrovac, which is used primarily for safe\ndigging in congested grounds and challenging conditions. The Badger Hydrovac\nuses a pressurized water stream to liquefy the soil cover, which is then\nremoved with a powerful vacuum system and deposited into a storage tank.\nBadger manufactures its truck-mounted hydrovac units.\n\n\nBadger Income Fund's business model involves the provision of excavating\nservices through two distinct entities: the Operating Partners (franchisees in\nthe United States and agents in Canada), and Badger Corporate. Badger\nCorporate works with its Operating Partners to provide Hydrovac service to the\nend user. In this partnership, Badger provides the expertise, the trucks, and\nNorth American marketing and administration support. The Operating Partners\ndeliver the service by operating the equipment and developing their local\nmarkets. All work is invoiced by Badger and then shared with the Operating\nPartner based upon a revenue sharing formula. In certain locations Badger has\nestablished corporate run operations to market and deliver the service in the\nlocal area.\n\n\nThis press release contains forward-looking statements subject to various\nrisk factors and uncertainties, which may cause the actual results,\nperformances or achievements of Badger to be materially different from any\nfuture results, performances or achievements expressed or implied by such\nforward-looking statements. Such factors include, but are not limited to,\nfluctuations in the market for oil and gas related products and services,\npolitical and economic conditions, the demand for services provided by Badger,\nindustry competition and Badger's ability to attract and retain key personnel.\n\n\nThe Tor...