Calgary, January 20, 2005 KeySpan Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today a cash distribution for January, 2005 of 10.3 cents per unit. The distribution will be payable on February 15, 2005 to Unitholders of record on January 31, 2005. The ex-distribution date is January 27, 2005.
The distribution amount of 10.3 cents per unit reflects the 5% distribution increase announced on November 8, 2004 and represents a 13.4% increase in distributions since the Fund began operations in May, 2003.
For tax purposes, KeySpan expects that 70% of its 2005 distributions will be a return of capital for Canadian residents, with the remainder of the 2005 distributions being dividend income.
For non-resident unitholders, KeySpan’s distributions are subject to withholding tax effective January 1, 2005. As a result of changes to Canadian tax legislation, the total distribution to non-resident unitholders, including both income and return of capital portions, is subject to Canadian withholding tax.
For further information about KeySpan Facilities Income Fund, please visit our website at www.keyspancanada.com or contact:
John Cobb, Director, Investor Relations, E-mail: John_Cobb@keyspancanada.com Telephone (403) 205-7670 Toll Free: (888) 699-4853 Facsimile: (403) 205-8303
