"The diversified nature of our resort network also proved valuable as record snowfall in Colorado partially offset the challenging weather conditions experienced at our eastern resorts and the strike situation at Tremblant. Three of nine resorts posted record results and although our resort operations in British Columbia improved year-over-year, Whistler Blackcomb was impacted by the spill-over effect of the substandard weather conditions last year and a strong Canadian dollar."
On May 9, 2006, the Board of Directors declared a dividend of Cdn.$0.08 per common share payable on July 26, 2006 to shareholders of record on July 12, 2006.