Canada: Big Rock Brewery Income Trust (the "Trust") announced on April 11 that it will increase its monthly cash distribution by C$0.01, to C$0.11 per trust unit. The increase will take effect for the May 16, 2005 distribution paid to all unitholders of record on April 29, 2005. The increase results in an annualized distribution of C$1.32 per trust unit. The trust units will commence trading on an ex-dividend basis April 27, 2005.
The Trust is an unincorporated open-ended limited purpose trust established under the laws of the Province of Alberta. The Trust owns all of the securities of Big Rock Brewery Ltd. ("Big Rock"), which entitles the Trust to receive all cash flow available for distribution from the business of Big Rock, after debt service payments, maintenance capital expenditures and other cash requirements.
Big Rock is a regional producer and marketer of premium quality beers, headquartered in Calgary, Alberta, Canada. Big Rock's products are available in draught, bottles and cans. Big Rock also produces or distributes Cider and Cooler products. Big Rock is committed to four business fundamentals: consistently brewing distinctive, premium quality beers; profitable growth in business operations; constantly providing superior, personalized customer services; and creating and sustaining strong community relationships.