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BFI Canada cash distribution, new appointments

BFI Canada Income Fund (TSX:BFC.UN) has declared a cash distribution of C$0.1415 per trust unit for the month of Se...


BFI Canada Income Fund (TSX:BFC.UN) has declared a cash distribution of C$0.1415 per trust unit for the month of September 2005, payable on October 17, 2005 to the unitholders of record as of September 30, 2005.

BFI Canada Income Fund, through its subsidiaries, is one of North America’s largest full-service waste management companies, providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in five provinces and nine U.S. states. Its two brands, IESI and BFI Canada, are leaders in their respective markets and serve almost one million customers with vertically integrated collection and disposal assets.

BFI Canada Income Fund has also announced that Joseph Quarin has been appointed Executive Vice President and Canadian Chief Operating Officer. In his new role, Mr. Quarin will lead the Fund’s operations in Canada, which include non-hazardous solid waste collection, recycling, landfill and transfer station operations across five provinces.

"Joe was clearly ready for a new challenge and we’re delighted that he has decided to accept this position and remain with BFI Canada as we continue to grow through our market-focused strategies," said Keith Carrigan, President and Chief Executive Officer.

"Joe brings a substantial amount of financial and business experience to this important, newly-created post and he will be instrumental in establishing the future direction of our business," Carrigan said.

Mr. Quarin has been with BFI Canada since 2000 and was most recently Chief Financial Officer of the Fund, a position he held since the Fund went public in 2002. As previously announced, Mr. Quarin has been transitioning out of this role for the past month, working with Thomas J. Cowee who assumed the role of interim Chief Financial Officer while a search for a successor to Mr. Quarin was completed. Mr. Cowee has been named the Fund’s permanent Chief Financial Officer.

Mr. Cowee has over 25 years of financial management experience in the solid waste management industry. Mr. Cowee has been IESI Corporation’s Chief Financial Officer, Treasurer and Assistant Secretary since 1997. In his capacity as Vice President Integration, and because he was a key member of the merger and integration team that managed BFI Canada’s acquisition of IESI, Mr. Cowee has full working knowledge of the capital structure of the Fund.

"I’m also pleased that we have the organizational depth to promote from within, as Joe and Tom’s appointments vividly illustrate. Mickey Flood (IESI’s President and Chief Executive Officer) and I look forward to working with Joe and Tom to build our business in the years to come."

To find out more about BFI Canada Income Fund, visit www.bficanada.com or contact Anne MacMicken Manager, Investor and Employee Relations, BFI Canada Income Fund, at 416-401-7729 or anne.macmicken@bficanada.com


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