Acadian Timber Income Fund
Toronto, Ontario, Canada, 22 July 2008 -- Acadian Timber Income Fund (TSX:ADN.UN) is pleased to announce its monthly distribution of CAD 0.06875 per unit, payable on 15 August 2008, to unitholders of record on 31 July 2008.
Acadian Timber Income Fund is a leading supplier of primary forest products in eastern Canada and the northeastern United States. With a total of 2.4 million acres of land under management, Acadian is the second largest timberland operator in New Brunswick and Maine.
Acadian owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine, and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands. Acadian also owns and operates a forest nursery in Second Falls, New Brunswick. Acadian’s products include softwood and hardwood saw logs, pulpwood and biomass by-products, sold to more than 110 regional customers.
The Fund’s units are listed for trading on the Toronto Stock Exchange under the symbol ADN.UN.