WOODSTOCK, ONTARIO--(CCNMatthews - April 14, 2005) - Contrans Income Fund (TSX:CSS.UN) today declared a cash distribution of CDN $0.1042 per unit, for the month of April 2005, to unitholders of record at the close of business on April 30, 2005. The distribution payment will be made on May 13, 2005.
The Fund is an unincorporated, open-ended limited purpose trust created for the purpose of acquiring and holding certain investments.
Contrans has been providing freight transportation services since 1985. With over 1,300 power units and 1,900 trailers under management, Contrans is one of the largest freight transportation companies in Canada. In March, 2002, Contrans entered the school bus transportation industry and currently operates over 700 buses servicing 20 school boards.
The Fund provides unitholders with monthly distributions. Trust units are listed on The Toronto Stock Exchange (under CSS.UN) and are eligible for registered retirement savings plans (RRSP's), registered retirement income funds (RRIF's) and deferred profit sharing plans (DPSP's). The Fund has also implemented a distribution reinvestment plan (DRIP) which will allow unitholders to receive distributions in the form of additional units in lieu of cash and will also enable participants to purchase additional units directly from the Fund. Unitholders can find information on our Web site to assist in their income tax reporting for the calendar year 2004.
FOR FURTHER INFORMATION PLEASE CONTACT:
Contrans Income Fund
Stan Dunford or Greg Rumble