TORONTO, ONTARIO--(Marketwired - Oct. 1, 2015) - Dominion Citrus Limited (TSX:DMN.PR.A) ("DCL") ("Dominion Citrus") announces that the Board of Directors of DCL has begun negotiations with the Board of Trustees of Dominion Citrus Income Fund (TSX:DOM.UN) (the "Fund") in the matter of the redemption of the Participating Notes held by the Fund coming due on January 1, 2016 and has elected to not pay the accrued interest payable during this time.
About Dominion Citrus
Dominion Citrus is a subsidiary of Dominion Citrus Income Fund, a publicly traded, unincorporated, open-ended limited purpose income trust. On January 1, 2006, all of the common shares of Dominion Citrus were exchanged for trust units of the Fund. The trust units are listed on the TSX under the symbol DOM.UN. The Series A preference shares of Dominion Citrus are listed on the TSX under the symbol DMN.PR.A.
Dominion Citrus is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. Dominion Citrus provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Quebec. Dominion Citrus also supplies products to customers in the United States. Dominion Citrus's website may be accessed at www.dominioncitrus.com.
Contact Information:
Winston Ash
President & CEO
(416) 259-6328 x 250