Ag Growth Income Fund Increases Previously Announced Special Year-End Distribution.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), today announced an increase in the special year-end distribution previously announced on December 15, 2005. Ag Growth reported its special year-end distribution will be $0.18 per trust unit of Ag Growth and per Class B Exchangeable and Class C Subordinated Exchangeable limited partnership unit of AGX Holdings Limited Partnership, an increase of $0.02 per unit over the $0.16 estimate previously announced. The distribution is payable on January 30, 2006 to holders of the respective units of record on December 30, 2005. The Fund's Declaration of Trust requires that it distribute all 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. earned in its fiscal year. A special year-end distribution of $0.18 per unit is necessary to meet this requirement for the year ended December 31, 2005. The $0.18 per unit special distribution announced today is in addition to the special distribution of $0.12 per unit announced in November 2005, bringing total special distributions for 2005 to $0.30 per unit and total distributions for 2005 to $1.7315 per unit. Distribution Policy Ag Growth's policy is to pay cash distributions on or about the 30th of each month to unitholders of record on the last business day of the preceding month. Unitholders who are non-residents of Canada will be required to pay 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. on any distributions by Ag Growth. The Fund's policy is to make monthly distributions to holders of both Fund units and Class B Exchangeable limited partnership units. Furthermore, in accordance with the terms of the Fund's prospectus, holders of Class C Subordinated Exchangeable limited partnership units receive distributions quarterly provided the relevant terms of subordination have been met. These terms have been met since inception of the Fund. The Fund's Declaration of Trust requires that it distribute all taxable income earned in its fiscal period ending December 31. It may be necessary for the Fund to estimate a special year-end distribution to achieve this requirement. An estimated distribution, if any, will be announced annually in December. The actual amount will be determined as soon as possible after year-end. This distribution will be paid in January to unitholders of record on the last business day in December. The Fund's Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. reviews financial performance and other factors when assessing the Fund's monthly distribution levels. An adjustment to monthly distribution levels will be made at such time as the Board determines the adjustment is sustainable and in the long-term best interest of the Fund and its unitholders. 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 that are forward-looking are based on current expectations, and are subject to a number of uncertainties and risks, and actual results may differ materially. These 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, the degree to which 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 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 , available at www.sedar.com Ag Growth Income Fund (TSX:AFN.UN) |
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