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Dominion Citrus Limited Considers Conversion To An Income Trust.


TORONTO -- Dominion Citrus Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:DMN DMN Dimension
DMN Dimethylnitrosamine (carcinogen)
DMN Data Multiplexing Network
DMN Defective Material Notice
DMN Discrete Memoryless Network
DMN Document Management Number
DMN Dynamic Mesh Network
DMN Digital Milti-Network
) announced today that it is considering the possible conversion of the Company to an income trust type structure.

Michael Blair Michael Blair may be:
  • Michael Blair (poker player)
  • Mike Blair (born 1981), rugby union player.
, Chairman stated: "The Board of Directors is currently considering the conversion of the Company into an income trust type structure as one approach to enhancing shareholder value. Although it is too early to comment on the viability and appropriateness of this alternative for the Company, the Board has concluded that further study is warranted and authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 Company management to pursue this. There is no assurance that the Company will convert from its present form into an income trust type structure."

About Dominion

Dominion is a diversified food company supplying fresh produce, premium juices and maple syrup maple syrup: see under maple.  to a wide variety of customers in retail, foodservice and food distribution businesses. The Company provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to over 400 customers, with its major domestic markets being Ontario and Quebec. The Company also supplies products to customers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and Europe.

Caution Regarding 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.
 

This release contains statements, which, to the extent that they are not a recitation rec·i·ta·tion  
n.
1.
a. The act of reciting memorized materials in a public performance.

b. The material so presented.

2.
a. Oral delivery of prepared lessons by a pupil.

b.
 of historical fact, may constitute "forward-looking statements". Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or performance, or our underlying assumptions. The words "estimate", "anticipate", "believe", "expect", "intend" or other similar expressions of future or conditional verbs such as "will", "should", "would" and "could" are intended to identify forward-looking statements. Persons reading this release are cautioned that such statements are only expectations, and that our actual results or performance may be materially different.

Forward-looking information involves certain risks, assumptions, uncertainties and other factors which may cause actual future results to differ materially from those expressed or implied in any forward-looking statements.

Readers should not place undue reliance on these forward-looking statements when making decisions, and should consider the date onto which the statements were made. Except as required by applicable security law, management disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Dominion Citrus Ltd. (TSX:DMN)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 26, 2005
Words:362
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