BFI Canada Income Fund has declared a cash distribution of C$0.1415 per trust unit for the month of August 2005.
The Trustees of the Fund recently approved an 8.1% increase to distributions from an annual rate of CDN$1.5708 per trust unit to CDN$1.698 per trust unit annually effective for the distribution payable on September 15, 2005 to unitholders of record on August 31, 2005. This increase represents the fourth distribution increase for the Fund since its inception and is based on the strong year-to-date performance for the Fund, and an expected continuation of this performance.
BFI Canada Income Fund, through its operating subsidiaries, is one of North America’s largest full-service waste management companies, providing non-hazardous solid waste collection and disposal services for municipal, commercial, industrial and residential customers in five provinces and nine states in the United States. The Fund serves approximately one million customers with vertically integrated collection and disposal assets. The Fund’s Canadian segment operates under the BFI Canada brand and is one of Canada’s largest full-service waste management companies providing integrated non-hazardous solid waste collection and landfill disposal services in the provinces of British Columbia, Alberta, Manitoba, Ontario and Quebec. The Canadian segment operates one and owns and operates four landfills, carries on solid waste collection operations in 19 markets and operates four transfer collection stations, seven material recovery facilities and one landfill gas to energy facility. The Fund’s U.S. operations provide integrated non-hazardous solid waste collection and landfill disposal services in two geographic regions as follows: the south, consisting of various service areas in Texas, Louisiana, Oklahoma, Arkansas and Missouri, and the northeast, consisting of various service areas in New York, New Jersey, Pennsylvania and Maryland. The U.S. south and northeast segments operate in 35 markets, and include 41 collection operations, 23 transfer stations, 17 landfills and seven recycling facilities
For more information on the Fund, visit www.bficanada.com.