Canadian Resources Income Trust Declares Monthly Distribution and Announces the Board of Directors is Considering an Extension of the Trust
Wed Oct 14, 5:00 PMTORONTO, Oct. 14 /CNW/ - The Board of Directors of CaRIT Limited in its capacity as Trustee for Canadian Resources Income Trust ("CaRIT" or the "Trust") has declared a cash distribution of $0.060 per Trust Unit.
Record and payment dates are as follows:
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Record Date Payment Date Distribution Amount/Trust Unit
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October 30, 2009 November 13, 2009 $0.060
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The Trust is scheduled to terminate on March 31, 2010 (the "Redemption Date"). The Board of Directors is currently reviewing alternatives in extending the life of the Trust. There can be no guarantee that after such review an extension will be proposed or if proposed, will be approved by holders of units. As applicable, notice of redemption will be given by the Trust at least 30 days prior to the Redemption Date.
Unitholders are entitled to receive monthly distributions as declared by the Trustee of CaRIT. The Trustee generally intends to declare and pay monthly distributions to the extent of forecasted distributions to be received for a calendar quarter from the underlying portfolio, less the estimated operating expenses for the period.
CaRIT is an investment trust which provides investors with high current yield and low cost diversification through a fixed portfolio of Trust Units of selected Canadian income funds focused primarily on the natural resources industry.
Trust Units of CaRIT are listed for trading on The Toronto Stock Exchange under the symbol RTU.UN.
ContactsInvestor RelationsCaRIT Limited
Trustee of Canadian Resources Income Trust
(416) 863-7144
E-mail: mc_carit@scotiacapital.com
Web site: www.scotiamanagedcompanies.com
