Calgary, November 8, 2004 KeySpan Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today a 5% increase in its monthly distribution from $0.0980 per unit to $0.1030 per unit, beginning with the January 2005 distribution payable on February 15, 2005.
“We are very pleased to be able to announce our second distribution increase in the past six months” said Jim Bertram, President and CEO. “The decision to increase distributions results from the strength we have seen in our business in 2004. The growth in cash flows supporting the distribution increase comes from the acquisitions completed this year, the start-up of a number of internal growth projects and the continued solid performance of our three business lines”.
About KeySpan Facilities Income Fund
Each unit of KeySpan Facilities Income Fund represents an indirect ownership interest in the business of KeySpan Energy Canada. KeySpan operates one of the largest natural gas midstream businesses in Canada. Its business consists of natural gas gathering and processing as well as the processing, transportation, storage and marketing of natural gas liquids (NGLs). KeySpan's gas processing plants and associated facilities are strategically located in the west central and foothills natural gas production areas of the Western Canadian Sedimentary Basin. Its NGL infrastructure includes pipelines, terminals and processing and storage facilities in Edmonton and Fort Saskatchewan, Alberta, a major North American NGL hub. KeySpan markets propane, butane and condensate to customers in Canada and the United States.
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: ir@keyspancanada.com Telephone (403) 205-7670 Toll Free: (888) 699-4853 Facsimile: (403) 205-8303
