/Not for release over US newswire services/
TORONTO, July 19 /CNW/ - (TSX:MEW.UN): Menu
Foods Income Fund (“Menu” or the “Fund”) announced today its distribution of
9.00 cents per unit for the month of July 2005, payable on or before August
15, 2005 to unitholders of record on July 29, 2005.
The Fund's policy is for unitholders of
record on the last business day of a calendar month to receive distributions
during the thirty days following the end of such 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.
The Fund also announced that Menu Foods
GenPar Limited (the general partner of Menu Foods Limited Partnership, a
subsidiary of the Fund (“MFLP”)) declared a distribution of 9.00 cents per
unit to holders of Class B Exchangeable Units (“Class B Units”) in MFLP for
the month of July 2005 to unitholders of record on July 29, 2005.
The holders of 11,133,655 Class B Units
have agreed to forego the receipt of $847,251 of the July 2005 distribution
(representing approximately $0.0761 per Class B Unit). Such unitholders
shall be entitled to a reimbursement of such foregone distributions only to
the extent the Fund generates sufficient distributable cash.
Menu is the leading North American
private-label/contract manufacturer of wet pet food products sold by
supermarket retailers, mass merchandisers, pet specialty retailers and other
retail and wholesale outlets. Menu currently produces more than one billion
containers per year.
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For further information: Mark Wiens, Chief
Financial Officer, Menu Foods GenPar Limited, (905) 826-3870