CALGARY, Feb. 12 /CNW/ - Keyera Facilities Income Fund (the "Fund")
(TSX:KEY.UN; KEY.DB) announced today an 8% increase in its monthly cash
distribution from $0.125 to $0.135 per unit, beginning with the February 2008
distribution payable on March 17, 2008. This is the sixth distribution
increase in five years and represents an 8% compound annual growth rate since
the Fund's inception in 2003.
"I am very pleased to be able to announce this latest increase to our
monthly cash distribution" said Jim Bertram, President and CEO. "We are
focused on providing our unitholders with growth in cash distributions that is
sustainable. Over the past several years, we have expanded our asset base,
diversified our business, found new ways to generate cash flow and
significantly increased our opportunities to provide services to the
developing oil sands sector. It is this focused business approach that has
allowed us to increase our cash distribution six times since going public in
2003 and deliver a 49% increase in distributions per unit".
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
