Press Releases

  • Wednesday, November 21, 2007
    GENIVAR Income Fund Announces November Distribution and a Special One-time Distribution

    MONTREAL, Nov. 21 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.0833 per Fund unit covering the period from November 1 to November 30, 2007, will be paid on December 17, 2007 to unitholders of record at the close of business on November 30, 2007.

    The Fund also announced today that a quarterly cash distribution of $0.25 per Subordinated LP Unit covering the period from July 1st, 2007 to September 30, 2007 was paid to holders of Subordinated LP Units of record at the close of business on September 30, 2007.

    Furthermore, the Fund is pleased to declare a one-time special cash distribution of $0.30 per Fund unit payable on December 17, 2007 to unitholders of record at the close of business on November 30, 2007. A one-time special distribution of $0.30 per unit will also be made to the holder Subordinated LP Units and Non-Subordinated Exchangeable LP Units of record at the close of business on November 30, 2007.

    This special distribution recognizes the strong financial performance of the Fund and the need to pay total distributions for 2007 sufficient to ensure the Fund itself is not taxable.

    GENIVAR is a leading Canadian engineering services firm providing private and public sector clients with a full range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance. Its clients, which are of varying sizes, fall into various market segments such as building, industrial and power, urban infrastructure, transportation and environment. GENIVAR is one of the largest engineering services firm in Canada in terms of number of employees with more than 2,300 managers, professionals, technicians and technologists and support staff in over 40 offices in Canada and abroad.

    Marlene Casciaro,
     Director of Communications,
    GENIVAR,
    (514) 340-0046, ext. 5184