Acadian Timber Income Fund Pays a Steady Monthly Distribution

Acadian Timber Income Fund (ADN.UN.TO), an open-ended, limited purpose trust that manages forest land in New Brunswick and Maine, has paid a monthly distribution (like a dividend) of $C0.06875 since March 2006. Its current yield is 8.23%.

Acadian owns and manages approximately 1.1. million of freehold timberlands and manages another 1.3 million acres of Crown licensed timberlands. Its sustainable harvesting practices ensure a continuous flow of timber products to its customers and a maximum cash flow to its unit holders.

Acadian sells softwood and hardwood sawlogs plus softwood pulpwood to over 110 customers in Eastern Canada and the Northeastern U.S.

The fund trades in a narrow band between $C9 and $C12. Currently, its price is around $C10 so its price is reasonably attractive.

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Posted December 18, 2007.