Inter Pipeline Fund
TSX : IPL.DB
TSX : IPL.UN

Inter Pipeline Fund

May 11, 2006 13:36 ET

Inter Pipeline Fund Announces May 2006 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - May 11, 2006) - Inter Pipeline Fund (Inter Pipeline) (TSX:IPL.UN) announced today the declaration of a cash distribution of $0.0650 per unit for May 2006. This distribution will be paid on or about June 15th to unitholders of record on May 31, 2006.

The regular monthly cash distribution rate of $0.0650 per unit is expected to be maintained subject to review from time to time by the Board of Directors of Inter Pipeline's General Partner. Over the past several years, Inter Pipeline has been successful in maintaining stable and increasing levels of distributions to unitholders.

Inter Pipeline Fund

Inter Pipeline is a major petroleum transportation, bulk liquid storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. Structured as a publicly traded limited partnership, Inter Pipeline owns and operates energy infrastructure assets in western Canada, the United Kingdom, Germany and Ireland. Additional information about Inter Pipeline can be found at www.interpipelinefund.com

Inter Pipeline is a member of the S&P/TSX Composite Index. Class A Units and convertible debentures trade on the Toronto Stock Exchange under the symbols IPL.UN and IPL.DB, respectively.

Eligible Investors

Only persons who are residents of Canada, or if partnerships, are Canadian partnerships, in each case for purposes of the Income Tax Act (Canada) are entitled to purchase and own Class A Units and debentures of Inter Pipeline.

Disclaimer

Certain information set forth above may contain forward-looking statements that involve risks and uncertainties. Such information, although considered reasonable by Inter Pipeline at the time of preparation, may later prove to be incorrect and actual results may differ materially from those anticipated in the statements made. For this purpose, any statements that are contained herein that are not statements of historical fact may be deemed to be forward-looking statements.

All dollar values are expressed in Canadian dollars unless otherwise noted.

Contact Information

  • Inter Pipeline Fund
    Investor Relations: Jeremy Roberge
    Vice President, Capital Markets
    (403) 290-6015 or Toll Free: 1-866-716-7473
    Email: jroberge@interpipelinefund.com
    or
    Inter Pipeline Fund
    Media Relations: Michelle Dawson
    Director, Public and Regulatory Affairs
    (403) 290-2643
    Email: mdawson@interpipelinefund.com