Business News
Yellow Pages Income Fund Announces May 2009 Distribution
Monday 11. May 2009 - Yellow Pages Income Fund (TSX:YLO.UN) announced today that its monthly cash distribution of $0.0667 per Fund unit will be paid on June 15, 2009 to unitholders of record at the close of business on May 29, 2009.
This cash distribution covering the period from May 1, 2009 to May 31, 2009 is in accordance with the May 7, 2009 press release announcing the reduction in cash distributions to unitholders from $1.17 to $0.80 annually.
The Company believes a $0.0667 cash distribution per unit continues to provide an attractive source of income to investors while allowing the Fund to maintain a strong balance sheet and preserve financial flexibility.