TSX Venture Symbol: CFL.UN
CALGARY, March 24 /CNW/ - The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership (the "Partnership" or "CERFLP"), is pleased to announce that Mr. Marc Mandin, who is the current general manager of the Partnership, will be appointed Chief Operating Officer ("COO") effective April 1, 2008. The appointment will increase Mr. Mandin's responsibility for overall operations, strategic planning and development. The board congratulates Mr. Mandin on his excellent contributions as general manager and looks forward to his future contributions as Chief Operating Officer.
The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), also is pleased to announce that, as a result of continued strong financial performance for the first quarter of fiscal 2008, they have approved an increased cash distribution to the Partnership unitholders of $0.16 per unit. If continued, this will represent $0.64 per unit on an annualized basis. Payment will be made on or about April 14, 2008, to unitholders of record as of the close of business on March 31, 2008.
Investors are cautioned that future distributions are always subject to approval from the board of directors of the general partner and may be increased, decreased or suspended by the board at any time.
CERFLP is a Canadian limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERFLP trades on the TSX Venture Exchange under the symbol "CFL.UN" and currently has 5,748,025 units issued and outstanding.
FORWARD LOOKING STATEMENTS
This press release contains forward looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances, cash flows or the ability to pay distributions to be materially different from the results, performances, cash flow or the ability to pay distributions expressed or implied by such forward looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.