TSX Venture Symbol: CFL.UN
CALGARY, March 15 /CNW/ - The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is pleased to announce that, due to the strong performance of fiscal 2006 and continuing strong activity in the first quarter of 2007, they have approved an increase for the first quarter of 2007 cash distribution to the Partnership unitholders to $0.13 per unit (up 18% from the previous $0.11 per unit distribution announced December 11, 2006). If continued, this will represent $0.52 per unit on an annualized basis. Payment will be made on or about April 13, 2007, to unitholders of record as of the close of business on March 30, 2007.
Investors are cautioned that future distributions are always subject to approval from the board of directors of the general partner and may be increased, decreased or suspended by the board at any time.
CERFLP is a Canadian limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERFLP trades on the TSX Venture Exchange under the symbol "CFL.UN" and currently has 5,150,784 units issued and outstanding.
FORWARD LOOKING STATEMENTS
This press release contains forward looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances, cash flows or the ability to pay distributions to be materially different from the results, performances, cash flow or the ability to pay distributions expressed or implied by such forward looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.