Business News

Yellow Pages Income Fund Announces the Declaration of the Quarterly Dividend on the First Preferred Shares Series 1 and Series 2 Issued by YPG Holdings Inc.

Tuesday 02. December 2008 - Yellow Pages Income Fund (TSX:YLO.UN) announced today that its subsidiary YPG Holdings Inc. has approved the following payments:

– Quarterly cash dividend of $0.26563 per first preferred shares, Series 1 (TSX:YPG.PR.A)

– Quarterly cash dividend of $0.31250 per first preferred shares, Series 2 (TSX:YPG.PR.B)

Both quarterly cash dividend payments are payable on December 29, 2008 to shareholders of record at the close of business on December 15, 2008.

The dividends are designated as eligible dividends for the purposes of section 89 of the Income Tax Act (Canada) and any provision of any similar provincial and territorial legislation.