Press Releases

  • Monday, December 20, 2010
    GENIVAR Income Fund Announces December Distribution and a One-time Special Distribution

    MONTREAL, Dec. 20 - GENIVAR Income Fund (TSX: GNV.UN) announced today that its monthly cash distribution of $0.125 per Fund unit covering the period from December 1 to December 31, 2010, will be paid on January 17, 2011 to unitholders of record at the close of business on December 31, 2010.

    Furthermore, the Fund is pleased to declare a one-time special cash distribution of $0.55 per Fund unit that will be paid on January 17, 2011 to unitholders of record at the close of business on December 31, 2010. This special distribution ensures that the Fund will not be liable to pay income taxes for the taxation year ending on December 31, 2010. This special distribution is necessary primarily as a result of the successful performance of the Fund in 2010, bringing total distributions to $2.05 for the year ending on December 31, 2010 in comparison to $1.95 for the year ending on December 31, 2009.

    GENIVAR is a leading Canadian engineering services firm providing private and public-sector clients with a comprehensive range of professional consulting services throughout all project phases, including planning, design, construction and maintenance. Ranging in size and scope, GENIVAR's clients primarily operate in the building, industrial and energy, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of Canada's largest engineering services firms based on number of employees, with more than 4,500 managers, professionals, technicians and technologists and support staff in more than 85 locations in Canada and internationally.
    www.genivar.com


    Alexandre L'Heureux
    Chief of Financial Operations
    GENIVAR Income Fund
    Tel.: 514-340-0046, ext. 5310