Newport Partners Income Fund
TSX : NPF.UN

May 18, 2006 11:24 ET

Newport Partners Income Fund Announces May 2006 Distribution

TORONTO, ONTARIO--(CCNMatthews - May 18, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Newport Partners Income Fund ("Newport")(TSX:NPF.UN) announced today that a cash distribution in the amount of $0.0833 per Unit, covering the period from May 1 to May 31, 2006, will be paid on June 15, 2006 to Unitholders of record at the close of business on May 31, 2006. Newport's current annual distribution is $1.00 per Unit.

ABOUT NEWPORT

Newport is an unincorporated, open-ended trust created to hold through the Company's investment in Newport Partners Commercial Trust, interests in Newport Private Yield LP, ("NPY") a limited partnership established under the laws of the Province of Ontario. Newport began trading on the TSX on August 8, 2005 under the symbol NPF.UN.

Newport is an asset manager that uniquely partners with leading entrepreneurs of well-established, cash-flowing private businesses that represent a diverse cross-section of the Canadian economy. Newport unitholders participate in the cash flows, growth and diversification of the underlying businesses through monthly distributions. Newport provides access to growth capital and strategic and financial advice for its operating partnerships, and investment oversight and management for unitholders. Newport has indirect ownership interests in 13 operating partnerships in four business segments. Newport management and the operating partners have a long track record in the entrepreneurial market in Canada and approximately 39% of all outstanding units.

Contact Information

  • Newport Partners Income Fund
    Kelly Willis
    (416) 867-8590