Business
Canadian Equipment Rental Fund Limited Partnership Announces Increase of Distribution to $0.13 per Unit
Canadian Equipment Rental Fund Limited Partnership Announces Increase of Distribution to $0.13 per Unit.
About this update from Zedcor Inc
[{"type":"text","content":"\n\n\n\nTSX Venture Symbol: CFL.UN\n\n\nCALGARY, March 15 /CNW/ - The board of directors of the general partner\nfor Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is\npleased to announce that, due to the strong performance of fiscal 2006 and\ncontinuing strong activity in the first quarter of 2007, they have approved an\nincrease for the first quarter of 2007 cash distribution to the Partnership\nunitholders to $0.13 per unit (up 18% from the previous $0.11 per unit\ndistribution announced December 11, 2006). If continued, this will represent\n$0.52 per unit on an annualized basis. Payment will be made on or about April\n13, 2007, to unitholders of record as of the close of business on March 30,\n2007.\n\n\nInvestors are cautioned that future distributions are always subject to\napproval from the board of directors of the general partner and may be\nincreased, decreased or suspended by the board at any time.\n\n\nCERFLP is a Canadian limited partnership engaged in the rental, sale and\nservice of industrial and construction equipment. CERFLP trades on the TSX\nVenture Exchange under the symbol "CFL.UN" and currently has 5,150,784 units\nissued and outstanding.\n\n\nFORWARD LOOKING STATEMENTS\n\n\nThis press release contains forward looking statements subject to various\nrisk factors and uncertainties, which may cause the actual results,\nperformances, cash flows or the ability to pay distributions to be materially\ndifferent from the results, performances, cash flow or the ability to pay\ndistributions expressed or implied by such forward looking statements.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n%SEDAR: 00022335E\n\n\n","length":1828,"tagName":"div"}]