TransForce declares cash distribution
Montreal, Quebec, May 5, 2008 – TransForce Income Fund (TSX: TIF.UN), a leader in the
Canadian transportation and logistics industry, today declared a distribution in the amount of
$0.06625 per trust unit (and its economic equivalent paid as a dividend to the tracking
shareholders of TFI Holdings Inc.), to be paid on June 13, 2008 to trust unitholders and tracking
shareholders of record at the close of business on May 15, 2008.
This is expected to be the final distribution by TransForce Income Fund in light of its previouslyannounced
plan to convert from an income fund to a growth oriented dividend-paying corporation.
The conversion will be considered by unitholders of TransForce Income Fund and shareholders of
TFI Holdings Inc., an affiliated corporation, at meetings to be held in Laval, Québec on May 12, 2008.
Should unitholders and shareholders not approve the conversion, the Board of Trustees of TFI
Operating Trust will meet shortly after the meetings to determine the next distribution.