AG Growth Income Fund Announces Distributions.ROSENORT, Manitoba Rosenort is a village located about 25 kilometres from Morris, Manitoba and about 47 kilometres south of Winnipeg. -- Ag Growth Income Fund (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AFN AFN Assembly of First Nations AFN American Forces Network AFN Ancestral File Number (FamilySearch genealogy records) AFN Alesco Financial Inc (stock symbol) AFN Alaska Federation of Natives .UN) (Ag Growth), a manufacturer of portable grain handling equipment, today announced a regular monthly cash distribution of $0.1083 per trust unit of Ag Growth and per Class B exchangeable limited partnership unit of AGX Holdings Limited Partnership for the period commencing December 1, 2004 and ending December 31, 2004. The distribution is payable on January 28, 2005 to holders of trust units of Ag Growth and holders of Class B exchangeable limited partnership units of AGX Holdings Limited Partnership of record on December 30, 2004. Ag Growth also announced today a distribution to holders of record on December 30, 2004 of Class C subordinated limited partnership units of AGX Holdings Limited Partnership of $0.3249 per unit for the three-month period from October 1, 2004 to December 31, 2004. Regular distributions to holders of Class C subordinated units are made quarterly as per the terms outlined in Ag Growth's final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. . Additionally, Ag Growth announced a special year-end cash distribution of $0.07 per trust unit of Ag Growth, per Class B exchangeable limited partnership unit of AGX Holdings Limited Partnership, and per Class C subordinated limited partnership unit of AGX Holdings Limited Partnership. The distribution is payable on January 28, 2005 to holders of the respective units of records on December 31, 2004. The Fund effectively commenced operations on May 18, 2004. Accordingly, results for the initial 228-day period ending December 31, 2004 will reflect the net income and distributable cash generated in the historically strong harvest season. As a result of this timing, and the strong financial results achieved by Ag Growth related to favourable crop conditions in its key U.S. markets, net income for the 228-day period ending December 31, 2004 is expected to be higher than would be typical for a full 12-month period. The special year-end cash distribution allows the Fund to distribute all of its estimated taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. for its initial fiscal period. The circumstances leading to the special year-end cash distribution are not expected to impact Ag Growth's regular distribution policy. Regular monthly distributions will be made on or about the 30th of each month to unitholders of record on the 30th day of the preceding month. Since its initial public offering, Ag Growth has paid monthly distributions consistent with its initial public offering document. Unitholders who are non-residents of Canada will be required to pay all withholding taxes The amount legally deducted from an employee's wages or salary by the employer, who uses it to prepay the charges imposed by the government on the employee's yearly earnings. payable on any distributions by Ag Growth. About Ag Growth Income Fund Ag Growth is a leading manufacturer of portable grain handling equipment including augers, belt conveyors and numerous other grain handling accessories. Ag Growth has a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales, marketing and distribution system within the short-line farm equipment industry, including approximately 1,400 dealers and distributors, in 48 states and nine provinces. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The statements contained in this news release are forward-looking within the meaning of securities laws and are based on current expectations that are subject to a number of assumptions, uncertainties and risks, and the actual results may differ materially from what is currently expected. These assumptions, uncertainties and risks include, but are not limited to, the dependence of Ag Growth Income Fund on the operations and assets currently owned by Ag Growth Industries Limited Partnership and its affiliates are leveraged, the fact that cash distributions are not guaranteed and will fluctuate with Ag Growth Industries Limited Partnership's financial performance, dilution, restrictions on potential future growth, the risk of unitholder liability, competitive pressures (including price competition), changes in market activity, the cyclicality of the farm equipment industry, seasonality of the business, poor weather conditions, international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and foreign currency fluctuations, legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. , commodity price and raw material exposure, dependence on key personnel, and environmental, health and safety and other regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. . Further information about these and other risks and uncertainties can be found in the disclosure documents filed from time to time by Ag Growth Income Fund with the securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities , which documents are available at www.sedar.com. Ag Growth Income Fund (TSX:AFN.UN) |
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