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

TORONTO, ONTARIO--(Marketwire - June 10, 2011) -

Three months ended April 2, 2011 and March 27, 2010

Dominion Citrus Income Fund ("Dominion", the "Fund") (TSX:DOM.UN) reports operating profit of $467,000 for the three months ended April 2, 2011. This compares to an operating loss of $422,000 during the same period in 2010, thus marking a positive year-over-year increase of $889,000 in operating profit. The Fund executed a lease surrender and modification with its landlord at the 51 Kelfield Street warehousing facility which contributed the majority of a $953,000 restructuring charge in the quarter, inclusive of a buyout payment to the landlord and the writeoff of remaining redundant assets at the facility. Management believes it is probable that the operating companies will not produce enough future profits enabling the use of the tax asset and has taken a $2,232,000 non-cash write-down during the quarter.

After accounting for these one-time expenses, the Fund had a net loss from continuing operations of $2,873,000 or $0.14 per unit compared to a net loss of $358,000 or $0.02 per unit for the same period in 2010. The net earnings from discontinued operations for the same periods were a net loss of $45,000 or $0.00 per unit versus a net loss of $34,000 or $0.00 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.