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Dominion Common Shareholders Approve Conversion into Income Trust.


TORONTO -- Dominion Citrus Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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)(TSX:DMN.PR.A) ("Dominion", the "Company") is pleased to announce that, at today's special Today's Special was a children's television show produced by Clive VanderBurgh at TVOntario from 1981 to 1987. It also ran on Nickelodeon and the Faith and Values Channel (now the Hallmark Channel) as well as many PBS stations throughout the United States.  meeting, its common shareholders have approved the plan of arrangement (the "Arrangement") to convert Dominion into the Dominion Citrus Income Fund (the "Fund").

Subject to the final approval of the Ontario Superior Court of Justice The Superior Court of Justice for Ontario, Canada is the successor to the former Ontario Court of Justice (General Division), and was created on April 19 1999. Its predecessor, the Ontario Court (General Division) was the result of the 1990 merger and discontinuance of the previous , it is anticipated that the Arrangement will be completed with effect on or about January 1, 2006.

A separate special meeting of the Series A preference shareholders was also held today at which the shareholders voted against a special resolution which would have allowed the conversion of the Series A preference shares into units of the Fund at such shareholders option.

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. The website may be accessed at www.dominioncitrus.com.

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 press 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 Limited (TSX:DMN) (TSX:DMN.PR.A)
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:Dec 22, 2005
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