BRAMPTON, ON, Dec. 16, 2011 /CNW/ - The DATA Group Income Fund ("Fund") (TSX: DGI.UN) announced today that its Trustees have declared a cash distribution on its trust units of $0.0542 per unit (the "December Distribution"). The December Distribution is payable on January 13, 2012 to unitholders of record on December 31, 2011 for the period from December 1, 2011 to December 31, 2011.
As previously announced, the Fund intends to reorganize the Fund's income trust structure into a dividend paying public corporation named Data Group Inc. by way of a statutory plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, unitholders of the Fund will become the holders of common shares of the Data Group Inc. The Arrangement is expected to become effective January 1, 2012. As a result of the Arrangement, the Data Group Inc. will pay the distribution on behalf of the Fund.
About the Fund
The Fund is a leading provider of document management and marketing solutions. We provide integrated web and print based communications and information management and associated professional services. We differentiate ourselves and provide value to our customers by focusing on innovative, high value solutions and on exceptional performance at delivering on our promises and commitments. We have over 1,950 employees working from 33 locations across Canada to accomplish this.
The Fund owns directly and indirectly all of the outstanding partnership units of The Data Group Limited Partnership (the "Data Group LP") and all of the outstanding shares of the Data Group LP's general partner, Data Business Forms Limited.
Additional information relating to the Fund is available at our main web site; www.datagroup.ca, our investor web site; www.datagroupincomefund.com and on the System for Electronic Document Analysis and retrieval (SEDAR) at www.sedar.com.
| Mr. Michael Suksi | Mr. Paul O'Shea |
| President and CEO | Chief Financial Officer |
| The DATA Group Limited Partnership | The DATA Group Limited Partnership |
| Tel: (905) 791-3151 | Tel: (905) 791-3151 |
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