Business
Badger Income Fund October Cash Distribution
Badger Income Fund October Cash Distribution
About this update from Badger Infrastructure Solutions Ltd
[{"type":"text","content":"\nBadger Income Fund October Cash Distribution\n\n\n Oct. 15, 2010 (Filing Services Canada) -- Badger Income Fund (BAD.UN - TSX), (\"Badger\") today announced that the trustees of Badger declared a cash distribution for the month of October of $0.105 per fund unit, representing $1.26 per fund unit on an annualized basis.  Payment will be made on or about November 15, 2010 to unitholders of record on October 29, 2010.Badger Income Fund is an open-ended trust that is North America's largest provider of non-destructive excavating services.  Badger traditionally works for contractors and facility owners in the utility and petroleum industries.  Our key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions.  The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.  Badger manufactures its truck-mounted hydrovac units.Badger Income Fund's business model involves the provision of excavating services through two distinct entities: the Operating Partners (franchisees in the United States and agents in Canada), and Badger Corporate.  Badger Corporate works with its Operating Partners to provide Hydrovac service to the end user.  In this partnership, Badger provides the expertise, the trucks, and North American marketing and administration support.  The Operating Partners deliver the service by operating the equipment and developing their local markets.  All work is invoiced by Badger and then shared with the Operating Partner based upon a revenue sharing formula.  In certain locations Badger has established corporate run operations to market and deliver the service in the local area.This press release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of Badger to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements.  Such factors include, but are not limited to, fluctuations in the market for oil and gas related products and services, political and economic conditions, the de...