The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership last week approved a cash distribution to the partnership unitholders of CAD $0.06 per unit for the first quarter of 2011. If continued, this will represent $0.24 per unit on an annualized basis. Payment will be made on or about April 15, to unitholders of record as of the close of business on March 31.
Distributions in 2011 will be a flow through of eligible dividends received from wholly owned subsidiaries and therefore will be taxed as dividends from Canadian public companies eligible for the enhanced dividend tax credit.CERF LP is a Canadian limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERFLP trades on the TSX Venture Exchange under the symbol CFL.UN and currently has 8.6 million units issued and outstanding.