Jul 04, 2006. /Lesprom Network/. Canfor Corporation announces the successful completion of the spinout of 20% of its pulp business effective July 1, 2006. As previously announced, the spinout received the approval of Canfor’s shareholders on June 9, 2006 and the Supreme Court of British Columbia on June 15, 2006. Canfor has been advised by the Toronto Stock Exchange (TSX) that the new common shares of Canfor and the units of Canfor Pulp Income Fund will start trading on the TSX at the commencement of trading on Thursday, July 6, 2006. The new common shares of Canfor will trade under Canfor’s current trading symbol CFP, while the units of Canfor Pulp Income Fund will trade under the trading symbol CFX.un. All securities traded under the symbol CFP in July, but prior to July 6, will represent a trade in the right to receive a new common share of Canfor and 0.1 of a unit of Canfor Pulp Income Fund. Canfor shareholders as of 12:01 am on July 1, 2006 are entitled to receive one new Canfor share and 0.1 of a unit of Canfor Pulp Income Fund in exchange for each Canfor share held prior to July 1. Registered holders of Canfor shares may complete the exchange by completing and submitting a letter of transmittal with the depositary (CIBC Mellon Trust Company). With the completion of the spinout transaction, there will be 142 540 058 new common shares of Canfor outstanding and 14 254 005 units of Canfor Pulp Income Fund outstanding. Canfor also owns 57 016 020 limited partnership units of the Canfor Pulp Limited Partnership that are exchangeable for an equal number of units of Canfor Pulp Fund (and if fully exercise would result in Canfor owning 80% of the outstanding Fund units). Canfor is a leading integrated forest products company based in Vancouver, British Columbia. The company is the largest producer of softwood lumber and one of the largest producers of northern softwood kraft pulp in Canada. Canfor also produces kraft paper, plywood, oriented strand board (OSB), remanufactured lumber products, hardboard paneling and a range of specialized wood products, including baled fibre and fibre mat at 33 facilities in British Columbia, Alberta, Quebec and North and South Carolina.