Fording to take C$80 million charge on trust tax

(Reuters) - The government said last October that existing trusts would
lose a key tax break by 2011. The trusts have been able to
escape paying most corporate taxes if they distributed the bulk
of their profits to unitholders.




Fording also said it would pay investors a quarterly
distribution of 65 Canadian cents a unit, unchanged from the
first quarter. The payment will be made on July 16 to investors
who hold the units on June 29.


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