Excel India Trust

Excel India Trust
Excel Funds Management Inc.

Excel Funds Management Inc.

November 26, 2008 17:30 ET

Excel India Trust (TSX:EXI.UN) Announces Quarterly Distribution of $0.05 per Unit

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2008) -


Excel Funds Management Inc. ("Excel Funds") announces the quarterly distribution of $0.05 per unit for Excel India Trust (the "Trust") (TSX:EXI.UN). The distribution will be paid on January 15, 2009 to unitholders of record on December 31, 2008.

The decrease in the amount of the distribution reflects a conservative response to the present market conditions affecting both North America and India. With forward looking, long-term growth in mind, it is consistent with Excel Funds Management's investment strategy to, at present, conserve capital and look for opportunities in the form of additional investments in India while valuations are attractive.

The Trust is designed to provide investors with exposure to an actively managed portfolio consisting of equity securities of Indian companies. This exposure is achieved through a fund-on-fund structure designed to minimize withholding taxes on capital gains in India and avoid certain investment restrictions that would otherwise apply to foreign investors investing in India.

Units of the Trust trade on the Toronto Stock Exchange under the symbol EXI.UN.

Founded in 1998, Excel Funds is a specialized fund management company that focuses exclusively on investment opportunities in emerging markets. Excel Funds also manages the Excel India Fund, Excel China Fund, Excel Chindia Fund, Excel Income and Growth Fund, Excel Money Market Fund and Excel Emerging Europe Fund.

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Excel's current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Excel cannot assure that the forward-looking statements contained in this news release will be realized.

Contact Information

  • Excel Funds Management Inc.
    Colleen Curtis
    Director of Sales