Gamehost Income Fund (TSXV: GH.UN)
RED DEER, AB, Dec. 18 /CNW/ - Gamehost Income Fund has declared a regular cash distribution for the month of December 2006 of $0.15 per trust unit. In addition to the regular monthly distribution, Trustees of the Fund have declared a special year end distribution of $1.07 per trust unit. The combined distributions of $1.22 per trust unit will be paid on January 15, 2007 to unitholders of record on December 31, 2006. The ex-distribution date is December 27, 2006.
With this announcement, distributions declared for 2006 total $2.78 per trust unit representing a $0.75 per trust unit or 37% increase over distributions in 2005.
Throughout 2006, management of the Fund has been intentionally conservative in the payout ratio of distributable cash. Operations of the Fund continue to generate significant growth in revenues. At the same time, management has been prudent in maintaining control of inflationary spending pressures. Preliminary estimated 2006 amounts for annual capital spending, debt service, working capital requirements and tax protection afforded by amortizations indicate a healthy cash surplus. So, it is with great pleasure that we announce to our faithful unit holders this special year end distribution.
Merry Christmas!
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