Business Trust Equal Weight Income Fund
TSX : BWI.UN

Business Trust Equal Weight Income Fund

March 22, 2006 15:31 ET

Business Trust Equal Weight Income Fund Declares Distribution

TORONTO, ONTARIO--(CCNMatthews - March 22, 2006) - Business Trust Equal Weight Income Fund (TSX:BWI.UN) is pleased to announce that a distribution in the amount of $0.088 per unit will be paid on April 17, 2006 to unitholders of record at the close of business on March 31, 2006.

The Fund's Distribution Reinvestment Plan allows unitholders to automatically reinvest monthly distributions in additional units of the Fund. This feature provides unitholders with an excellent opportunity to benefit from reinvesting distributions in additional units. Please contact your investment advisor to enroll in the Plan.

In December 2005, the Fund announced that realized income for tax purposes was expected to exceed cash distributions paid to unitholders, as a result of significant net capital gains realized during the year. In this circumstance, an Additional Distribution is automatically allocated to unitholders at year end for the amount of such excess, pursuant to the Fund's Declaration of Trust. The Fund can now confirm that the Additional Distribution of capital gains for 2005 was $0.31459 per unit. The Additional Distribution was not paid in cash, rather it was paid in units which were immediately consolidated such that the units outstanding did not change. Unitholders are required to include this capital gain in income and this same amount should be added to the adjusted cost base of their holdings of the Fund.

For additional information, including the Fund's portfolio, please visit our website at www.bromptongroup.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Brompton Business Trust Management Limited
    David E. Roode
    Senior Vice President
    (416) 642-6008
    www.bromptongroup.com