TransForce Income Fund declares cash distribution

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[{"type":"text","content":"\n\n\n\nMONTREAL, May 5 /CNW Telbec/ - TransForce Income Fund (TSX: TIF.UN), a\nleader in the Canadian transportation and logistics industry, today declared a\ndistribution in the amount of $0.06625 per trust unit (and its economic\nequivalent paid as a dividend to the tracking shareholders of TFI Holdings\nInc.), to be paid on June 13, 2008 to trust unitholders and tracking\nshareholders of record at the close of business on May 15, 2008.\n\n\nThis is expected to be the final distribution by TransForce Income Fund\nin light of its previously-announced plan to convert from an income fund to a\ngrowth oriented dividend-paying corporation. The conversion will be considered\nby unitholders of TransForce Income Fund and shareholders of TFI Holdings\nInc., an affiliated corporation, at meetings to be held in Laval, Quebec on\nMay 12, 2008.\n\n\nShould unitholders and shareholders not approve the conversion, the Board\nof Trustees of TFI Operating Trust will meet shortly after the meetings to\ndetermine the next distribution.\n\n\nProfile\n\n\nTransForce Income Fund (www.transforce.ca) is the leader in Canada's\ntransportation and logistics industry. Headquartered in Montreal, Quebec, the\nFund's objective is to create value for unitholders through managing and\ninvesting in a growing network of wholly-owned, independent operating\nsubsidiaries. TransForce provides a comprehensive and unique combination of\ncapabilities, resources and geographical coverage in both domestic and\ntrans-border markets. Its companies currently operate in five well-defined\nbusiness segments:\n\n\n- Less Than Truckload;\n- Package and Courier;\n- Specialized Services, which includes its ancillary transportation\n services such as logistics, warehousing & dedicated services, fleet\n management & personnel services; oilfield & oilsand services, and;\n waste management;\n- Specialized Truckload; and\n- Truckload.\n\n\nTransForce's trust units (TIF.UN) are listed on the Toronto Stock\nExchange and are included in the S&P/TSX Composite Index.\n\n\nForward-Looking Statements\n\n\nExcept for historical information provided herein, this press release may\ncontain information and statements of a forward-looking nature concerning the\nfuture performance of TransForce. These statements are based on suppositions\nand uncertainties as well as on managem...

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