Resolve Business Outsourcing Income Fund Announces January Distribution
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TORONTO, ONTARIO, Jan 22 (MARKET WIRE) --
Attention Business and Financial Editors:
Resolve Business Outsourcing Income Fund (the "Fund") (TSX: RBO.UN) today
announced a cash distribution to Unitholders of $0.0833 per unit,
covering the period from January 1, 2008 to January 31, 2008. The
distribution will be paid on February 20, 2008 to Unitholders of record
at the close of business on January 31, 2008.
This cash distribution is consistent with disclosure of the Fund's
distribution policy in the prospectus dated March 9, 2006.
Holders of units who are non-residents of Canada will be required to pay
all withholding taxes payable in respect of any distributions of income
by the Fund.
Resolve works with businesses as an outsourced resource taking on
critical processes and managing them better, faster and more
cost-effectively. We have over 35 years experience managing processes for
Fortune 500 clients in the financial services, retail, government,
consumer goods and communications industries. Headquartered in Toronto,
Canada, Resolve employs more than 4,500 people in 29 locations and is
listed on the Toronto Stock Exchange as Resolve Business Outsourcing
Income Fund, symbol RBO.UN. For more information, visit www.resolve.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This press release may include certain statements that constitute
forward-looking information within the meaning of applicable securities
laws. Such forward-looking information may involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
performance or achievements of Resolve, or industry results, to be
materially different from any future results, performance, achievements
or opportunities expressed or implied by such forward-looking
information. This forward-looking information includes estimates,
forecasts and statements as to management's and others' expectations with
respect to, among other things, growth strategies and the outlook for
Resolve and the business process outsourcing industry and may use words
such as ''may'', ''will'', ''estimate'', ''expect'', ''anticipate'',
''believe'', ''intend'', ''plan'', ''could'', "continue" and other
similar terminology. This information reflects current expectations
regarding future events and operating performance and speaks only as of
the date of this press release. Forward-looking information involves
significant risks and uncertainties and should not be read as a guarantee
of future performance or results and will not necessarily be an accurate
indication of whether or not such results will be achieved. A number of
factors could cause actual results to differ materially from the results
discussed in the forward-looking information, including, but not limited
to, loss of key customer contracts or reduction of services purchased by
key customers, foreign exchange rates, increases in costs to Resolve that
cannot be passed on to customers, disputes with key customers,
competition, the ability of Resolve to manage operations and execute
growth strategies, stability of internal and government information
systems and technology, technological changes, the ability to maintain
software licenses, changes in privacy laws, and risks inherent in bidding
on government contracts. These risk factors are discussed in greater
detail under ''Risks'' on page 14 of Resolve's MD&A for the period ended
December 31, 2006, which is available on SEDAR at www.sedar.com. Although
the forward-looking information contained in this press release is based
upon what management believes are reasonable assumptions, Resolve cannot
assure that actual results will be consistent with this forward-looking
information. This forward-looking information is made as of the date of
this press release, and Resolve assumes no obligation to update or revise
it to reflect new events or circumstances.
Contacts:
Resolve Business Outsourcing Income Fund
Jamie Hyde
Chief Financial Officer
(905) 306-6200
Website: www.resolve.com
Copyright 2008, Market Wire, All rights reserved.
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