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GENIVAR Income Fund Announces December Distribution and a One-time Special Distribution
GENIVAR Income Fund Announces December Distribution and a One-time Special Distribution
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[{"type":"text","content":"\n\n\n\n Dec. 20, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nMONTREAL, Dec. 20 /CNW Telbec/ - GENIVAR Income Fund (TSX: GNV.UN)\n announced today that its monthly cash distribution of $0.125 per Fund\n unit covering the period from December 1 to December 31, 2010, will be\n paid on January 17, 2011 to unitholders of record at the close of\n business on December 31, 2010.\n\n\nFurthermore, the Fund is pleased to declare a one-time special cash\n distribution of $0.55 per Fund unit that will be paid on January 17,\n 2011 to unitholders of record at the close of business on December 31,\n 2010. This special distribution ensures that the Fund will not be\n liable to pay income taxes for the taxation year ending on December 31,\n 2010. This special distribution is necessary primarily as a result of\n the successful performance of the Fund in 2010, bringing total\n distributions to $2.05 for the year ending on December 31, 2010 in\n comparison to $1.95 for the year ending on December 31, 2009.\n\n\nGENIVAR is a leading Canadian engineering services firm providing\n private and public-sector clients with a comprehensive range of\n professional consulting services throughout all project phases,\n including planning, design, construction and maintenance. Ranging in\n size and scope, GENIVAR's clients primarily operate in the building,\n industrial and energy, municipal infrastructure, transportation and\n environmental sectors. GENIVAR is one of Canada's largest engineering\n servi...