STOCK SYMBOL: GLH.UN/TSX
GATINEAU, QC, July 20 /CNW Telbec/ - (GLH.UN) - Great Lakes Hydro Income
Fund today declared a cash distribution of 10.33 cents per unit for the month
of July 2006, payable by August 31, 2006 to unitholders of record on July 31,
2006. The ex-distribution date is July 27, 2006.
The schedule below sets out Great Lakes Hydro Income Fund's cash
distribution history for the last six months:
<<
-------------------------------------------------------------------------
RECORD DATE PAYMENT DATE DISTRIBUTION PER UNIT
-------------------------------------------------------------------------
July 31, 2006 August 31, 2006 10.33 cents
June 30, 2006 July 31, 2006 10.33 cents
May 31, 2006 June 30, 2006 10.33 cents
April 28, 2006 May 31, 2006 10.33 cents
March 31, 2006 April 28, 2006 10.33 cents
February 28, 2006 March 31, 2006 10.33 cents
-------------------------------------------------------------------------
>>
About Great Lakes Hydro Income Fund
Great Lakes Hydro Income Fund is a premier Canadian income fund and one
of the largest power income fund in North America with 1,015 megawatts of
power generating capacity and an average annual production of 3,874 gigawatt
hours.
Great Lakes Hydro Income Fund produces electricity exclusively from
environmentally friendly hydroelectric resources. The Fund owns, operates and
manages 26 high quality hydroelectric generating stations located on seven
river systems in four distinct geographic regions across North America:
Quebec, Ontario, British Columbia and New England.
Brookfield Power, which comprises the majority of the power operations of
Brookfield Asset Management owns 50.1% of the Fund's outstanding units. Great
Lakes Hydro Income Fund units are listed for trading on the Toronto Stock
Exchange under the symbol GLH.UN.
Forward-Looking Statements
This new release may contain forward-looking statements concerning the
Great Lakes Hydro Income Fund ("Fund") business and operations. Forward
looking statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results or performance to be materially
different from any future results or performance expressed or implied by the
forward statements.
Examples of such statements include, but are not limited to factors
relating to production and the business, financial position, operations and
prospects for the Fund. They include (1) the Fund's level of generation; (2)
the Fund's cost of production; (3) interest rates as they bear on the Fund's
indebtedness; (4) planned capital expenditures; (5) the impact of changes in
the Canadian dollar - U.S. dollar on the Fund's costs and results of
operations; the negotiation of collective agreements with its unionized
employees; (6) business and economic conditions; (7) the legislation governing
air emissions, discharges into water, waste, hazardous materials and workers'
health and safety as well as the impact of future legislation and regulations
on expenses, capital expenditures and restrictions on operations; (8)
regulatory investigations, claims, lawsuits and other proceedings; and (9)
reliance on the guaranteed price for electricity by Brookfield Power Inc..
Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied in the forward-looking statements
contained herein.
These forward-looking statements represent our views as of the date of
this news release. While the Fund anticipates that subsequent events and
developments may cause the Fund's views to change, the Fund disclaims any
obligation to update these forward-looking statements. These forward-looking
statements should not be relied upon as representing the Fund's views as of
any date subsequent to July 20, 2006, the date of this news release.
%SEDAR: 00013106EF
