Davis + Henderson Income Fund Announces December 2008 Distribution
TORONTO, Dec. 15, 2008 (Canada NewsWire via COMTEX News Network) — Davis + Henderson Income Fund (TSX: DHF.UN) announced today a cash distribution of $0.1533 per unit for the month of December payable on January 30, 2009 to unitholders of record at the close of business on December 31, 2008.
In addition, a non-cash special distribution at the rate of $0.04 per unit will be made to unitholders of record on December 31, 2008, payable December 31, 2008. The special distribution, payable in the form of additional units, is intended to ensure that, as required by its Declaration of Trust, the Fund will not be liable to pay income taxes in respect of its current taxation year ending December 31, 2008. Immediately after the unit distribution the number of outstanding Fund units will be consolidated, such that each unitholder will hold, following the consolidation, the same number of Fund units as before the non-cash distribution.
Davis + Henderson Income Fund’s policy is to pay monthly distributions to unitholders of record on the last business day of each month. Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.
Davis + Henderson and its predecessors have been serving the Canadian financial services industry since 1875. Through integrated service offerings, Davis + Henderson is a market leader in providing programs to customers who offer chequing account and lending services within Canada. Davis + Henderson Income Fund is listed on the Toronto Stock Exchange, symbol DHF.UN. Further information can be found in the disclosure documents filed by Davis + Henderson Income Fund with the securities regulatory authorities, available at www.sedar.com.
SOURCE: Davis + Henderson Income Fund
Catherine Martin, Chief Financial Officer, Davis + Henderson, Limited Partnership,
Tel: (416) 696-7700; Robert Cronin, Chief Executive Officer, Davis + Henderson,
Limited Partnership, Tel: (416) 696-7700; Website: www.dhltd.com