CALGARY, Feb. 19 /CNW/ - Keyera Facilities Income Fund (TSX:KEY.UN;
KEY.DB) announced today a cash distribution for February 2008 of 13.5 cents
per unit. The distribution will be payable on March 17, 2008 to unitholders of
record on February 29, 2008. The ex-distribution date is February 27, 2008.
The distribution amount of 13.5 cents per unit reflects the 8% increase
that was announced on February 12, 2008. This is the sixth distribution
increase in five years and represents a 49% increase in distributions per unit
since Keyera began operations in May 2003.
For tax purposes, Keyera currently expects that its 2008 distributions
will be taxable for Canadian non-exempt unitholders. This outlook is subject
to change. For non-resident unitholders, Keyera's distributions are subject to
Canadian withholding tax.
This document contains forward-looking statements that involve known and
unknown risks and uncertainties, many of which are beyond Keyera's control.
The forward-looking statements are based on management's current expectations
and assumptions relating to Keyera's business and the environment in which it
operates. As the results or events predicted or implied in these
forward-looking statements depend upon future events, actual results or events
may differ materially from those predicted. Some of the factors which could
cause actual results or events to differ materially include the ability of
Keyera to successfully implement strategic initiatives, whether such
initiatives yield the expected benefits, operating and other costs, future
operating results and the components of those results, fluctuations in the
demand for natural gas, NGLs and crude oil, changes in commodity prices, the
activities of producers, competitors and others, the weather, overall economic
conditions, proposed or actual legislative changes, including any further
announcements by the federal government with respect to the tax treatment of
income trusts and other known or unknown factors. There can be no assurance
that the results or developments anticipated by Keyera will be realized or
that they will have the expected consequences for or effects on Keyera.
For additional information on these and other factors, see Keyera's
public filings on www.sedar.com. Unless otherwise required by applicable laws,
Keyera does not intend to publicly update or revise forward-looking
statements, whether as a result of new information, future events or
otherwise.
%SEDAR: 00019203E
