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CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES FEBRUARY DISTRIBUTION

Supplemental distribution declared for quarter ended December 31, 2002

TORONTO, February 17, 2003 - Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.11 per unit for the month of February 2003 payable on March 31, 2003 to unitholders of record at the close of business on February 28, 2003.

Chemtrade Logistics also announced that it has declared a supplemental distribution of $0.10 per unit for the quarter ended December 31, 2002, payable on February 28, 2003 to unitholders of record at the close of business on February 26, 2003.

Distributions for the fourth quarter of 2002, including those declared monthly and the supplemental distribution, total $0.40 per unit.

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, whether such distributions are in the form of cash or additional units.

For further information:

Mark Davis
President and CEO

Tel: (416) 496-4176

Victor Wells
Vice President, Finance & CFO

Tel: (416) 496-4177

 


 

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