Frequently Asked Questions

1) Where are your units listed and traded?

FP Newspapers Income Fund units are listed and traded on the Toronto Stock Exchange under the symbol FP.UN.

2) Who decides the monthly distributions and when are they paid?

The Trustees of the Fund determine the amount of the monthly distribution. The Fund's policy is to make monthly distributions to Unitholders of record on the last business day of each month, paid by the end of the following month.

3) How does the Fund generate distributable cash?

The Fund owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership (FPLP). FPLP owns and publishes the Winnipeg Free Press and Brandon Sun Newspapers.

4) Are the Distributions Guaranteed?

No. The Fund's distributions are dependent on the distributable cash generated by the Newspapers owned by FPLP.

5) Does the Fund offer a DRIP (Distribution Reinvestment Plan)?

Not at this time. Investors interested in purchasing additional units at the current market price may do so through their broker.

6) Can I have my cash distributions deposited directly into my bank account?

No, monthly cash distributions are deposited into your brokerage account.

7) What do I do if I don't receive my monthly cash distribution?

You should initially contact your broker to research this for you. Your broker can follow up both internally, in the securities firm, and then if needed with CIBC Mellon Trust Company, who is the transfer agent for FP Newspapers Income Fund.

8) How are cash distributions treated for tax purposes?

A significant portion of distributions is considered taxable to Unitholders as income. The remaining smaller percentage is a return of capital. A summary of the taxable amount and the return of capital is provided to each Unitholder after the end of each calendar year.

9) When are the tax receipts for distributions sent out?

A tax receipt will be sent out by March 31 to all investors who received distributions in the previous year.