Great Lakes Hydro Income Fund Declares Cash Distribution for July 2006
GATINEAU, Quebec, July 20, 2006 (GLH.UN) - Great Lakes Hydro Income Fund today declared a cash distribution of 10.33 cents per unit for the month of July 2006, payable by August 31, 2006 to unitholders of record on July 31, 2006. The ex-distribution date is July 27, 2006.
The schedule below sets out Great Lakes Hydro Income Fund's cash distribution history for the last six months:
| RECORD DATE | PAYMENT DATE | DISTRIBUTION PER UNIT |
|---|---|---|
| July 31, 2006 | August 31, 2006 | 10.33 cents |
| June 30, 2006 | July 31, 2006 | 10.33 cents |
| May 31, 2006 | June 30, 2006 | 10.33 cents |
| April 28, 2006 | May 31, 2006 | 10.33 cents |
| March 31, 2006 | April 28, 2006 | 10.33 cents |
| February 28, 2006 | March 31, 2006 | 10.33 cents |
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About Great Lakes Hydro Income Fund
Great Lakes Hydro Income Fund is a premier Canadian income fund and one of the largest power income fund in North America with 1,015 megawatts of power generating capacity and an average annual production of 3,874 gigawatt hours.
Great Lakes Hydro Income Fund produces electricity exclusively from environmentally friendly hydroelectric resources. The Fund owns, operates and manages 26 high quality hydroelectric generating stations located on seven river systems in four distinct geographic regions across North America: Quebec, Ontario, British Columbia and New England.
Brookfield Power, which comprises the majority of the power operations of Brookfield Asset Management owns 50.1% of the Fund’s outstanding units. Great Lakes Hydro Income Fund units are listed for trading on the Toronto Stock Exchange under the symbol GLH.UN.
Web Site : www.greatlakeshydro.com
Forward-Looking Statements
This new release may contain forward-looking statements concerning the Great Lakes Hydro Income Fund (“Fund”) business and operations. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance to be materially different from any future results or performance expressed or implied by the forward statements.
Examples of such statements include, but are not limited to factors relating to production and the business, financial position, operations and prospects for the Fund. They include (1) the Fund’s level of generation; (2) the Fund’s cost of production; (3) interest rates as they bear on the Fund’s indebtedness; (4) planned capital expenditures; (5) the impact of changes in the Canadian dollar – U.S. dollar on the Fund’s costs and results of operations; the negotiation of collective agreements with its unionized employees; (6) business and economic conditions; (7) the legislation governing air emissions, discharges into water, waste, hazardous materials and workers’ health and safety as well as the impact of future legislation and regulations on expenses, capital expenditures and restrictions on operations; (8) regulatory investigations, claims, lawsuits and other proceedings; and (9) reliance on the guaranteed price for electricity by Brookfield Power Inc.. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied in the forward-looking statements contained herein.
These forward-looking statements represent our views as of the date of this news release. While the Fund anticipates that subsequent events and developments may cause the Fund’s views to change, the Fund disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the Fund’s views as of any date subsequent to July 20, 2006, the date of this news release.
For further information:
Grace Pollock
Director, Corporate Communications and Investor Relations
819-561-8072, unitholderenquiries@greatlakeshydro.com