Business
CML Healthcare Income Fund Announces 5.6% Increase in Distributions
CML Healthcare Income Fund Announces 5.6% Increase in Distributions.
About this update from Christina Lake Cannabis Corp
[{"type":"text","content":"\n\n\n\n\nToronto Stock Exchange Symbol: CLC.UN\n\nMISSISSAUGA, ON, May 10 /CNW/ - CML Healthcare Income Fund (the \"Fund\"),\n(TSX: CLC.UN) today announced a 5.6% increase in annualized unitholder\ndistributions from $0.9468 per unit to $1.00 per unit. The increase in\ndistributions will become effective beginning with the Fund's May 2006\ndistribution, which will be declared shortly and payable in June 2006. The\nFund's wholly-owned subsidiary, CML Healthcare Inc., will also increase\nannualized dividends on its exchangeable shares by 5.6% from $0.6312 to\n$0.6667.\n\nAbout CML Healthcare Income Fund\n\nCML Healthcare Income Fund is an unincorporated open-ended trust that\nowns CML Healthcare Inc., one of Canada's largest healthcare services\nbusinesses. CML is a leading provider of laboratory testing services in\nOntario and the largest private provider of medical imaging services in\nCanada. CML Healthcare Income Fund is publicly traded on the Toronto Stock\nExchange under the symbol \"CLC.UN\" and has approximately 86.6 million units\noutstanding (assuming the exchange for units of all of the outstanding\nexchangeable shares of CML Healthcare Inc., excluding those held by the Fund\nor its affiliates). To reach CML Healthcare Income Fund via the worldwide web\nlog on to www.cmlhealthcare.com.\n\nCaution concerning forward-looking statements\n---------------------------------------------\nStatements made in this news release, other than those concerning\nhistorical financial information, should be considered forward-looking and\nsubject to various risks and uncertainties. Such forward-looking statements\nare based on management's beliefs and assumptions regarding the information\ncurrently available. The Company's actual results could differ materially from\nthose expressed in the forward-looking statements. Factors that could cause\nresults to vary include, among other things, those expressed in the Company's\nfilings with Canadian securities regulatory authorities. All information\npresented herein should be read in conjunction with such filings.\n\n%SEDAR: 00020333E\n\n\n","length":2142,"tagName":"div"}]