Calgary, May 19, 2005 Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today a cash distribution for May 2005 of 11.3 cents per unit. The distribution will be payable on June 15, 2005 to unitholders of record on May 31, 2005. The ex-distribution date is May 27, 2005.
The distribution amount of 11.3 cents per unit reflects the 10% cash distribution increase that was announced on May 12, 2005. This is the second distribution increase in 2005 and represents a 24% increase since the Fund began operations in May 2003.
For tax purposes, Keyera expects that 70% of its 2005 distributions will be a return of capital for Canadian residents, with the majority of the remainder being dividend income.
For non-resident unitholders, Keyera’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 Keyera Facilities Income Fund, please visit our website at www.keyera.com or contact:
John Cobb, Director, Investor Relations
E-mail: John_Cobb@keyera.com
Telephone: (403) 205-7670
Toll Free: (888) 699-4853
Facsimile: (403) 205-8303
