Business News

FP Newspapers Income Fund Announces Monthly Distribution-December 2008

Thursday 18. December 2008 - FP Newspapers Income Fund (TSX:FP.UN) today announced a distribution of 9.50 cents per unit for the month of December 2008, to unitholders of record on December 31, 2008. The distribution will be paid January 30, 2009.

The Fund owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership. The Fund’s policy is for unitholders of record on the last business day of a calendar month to receive distributions on or before the last day of the following month. Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.