Spinrite Income Fund declares April cash distribution
21 Apr '06
1 min read
Craft yarn producer Spinrite Income Fund has announced its cash distribution of $0.04 per unit for the period April 1st 2006 to April 30th 2006. This distribution will be made to unit holders of record at the close of business on April 28th 2006, and will be payable on May 15th 2006.
Spinrite Income Fund is an open-ended, limited purpose trust established under the laws of the Province of Ontario, which indirectly holds an 80 percent interest in Spinrite Limited Partnership ('Spinrite').
Spinrite is the largest producer and marketer of craft yarn in Canada and one of the largest and fastest growing in the United States. Established in 1952, Spinrite researches, develops, manufactures and markets a broad variety of consumer craft yarns.
The company also supports its market with patterns that provide customers with creative ideas for knitted products. It has approx. 520 employees at its fully integrated manufacturing and distribution centre in Listowel, Ontario.