Dominion Citrus Income Fund (TSX:DOM.UN) Fiscal 2011 Report to Unitholders

TORONTO, ONTARIO--(Marketwire - March 28, 2012) - Dominion Citrus Income Fund ("Dominion", the "Fund") (TSX:DOM.UN) reports operating profit of $898,000 for the fiscal year ended December 31, 2011. This compares to an operating loss of $1,390,000 during the same period in 2010, thus marking a positive year-over-year increase of $2,288,000 in operating profit. The Fund recorded restructuring expenses of $1,215,000 during the year as it completed its move from the 51 Kelfield Street, Toronto warehousing facility. The Fund also wrote off a deferred tax asset of $2,244,000 and wrote down goodwill associated with a past acquisition in the amount of $900,000. After accounting for one-time items and interest expenses, the Fund had a net loss from continuing operations of $3,152,000 or $0.15 per unit compared to a net loss of $1,417,000 or $0.07 per unit for the same period in 2010. The net earnings from discontinued operations for the same periods were a net loss of $96,000 or $0.00 per unit versus a net loss of $117,000 or $0.01 per unit in 2010.

About Dominion

The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. On January 1, 2006, all of the common shares of Dominion Citrus Limited ("DCL") were exchanged for trust units of the Fund. The trust units are listed on the TSX under the symbol DOM.UN. The Series A preference shares of DCL are listed on the TSX under the symbol DMN.PR.A.

Dominion is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. Dominion provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Québec. Dominion also supplies products to customers in the United States. The Fund's website may be accessed at www.dominioncitrus.com.