Countryside Power Income Fund

Countryside Power Income Fund

March 21, 2005 09:49 ET

Countryside Power Income Fund Announces Cash Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: COUNTRYSIDE POWER INCOME FUND

TSX SYMBOL: COU.UN

MARCH 21, 2005 - 09:49 ET

Countryside Power Income Fund Announces Cash
Distribution

LONDON, ONTARIO--(CCNMatthews - March 21, 2005) - NOT FOR DISTRIBUTION
IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Countryside Power Income Fund (TSX:COU.UN) (the "Fund") today announced
that it will pay a monthly cash distribution of $0.0854 per unit for the
period from March 1, 2005 to March 31, 2005. The cash distribution will
be payable on April 30, 2005 to unitholders of record as at March 31,
2005. The ex-distribution trading date is March 29, 2005.

The Fund's policy is for unitholders of record on the last business day
of a calendar month to receive distributions on or about the 30th day of
the following month. Holders of units who are non-residents of Canada
will be required to pay all applicable withholding taxes payable in
respect of any distributions by the Fund.

The Fund owns indirect investments in 22 renewable power and energy
projects and two district energy systems. The renewable power and energy
projects, located in the United States, currently have approximately 51
megawatts of electric generation capacity and sold approximately 700,000
MMBtus of boiler fuel in 2003. The district energy systems are located
in Charlottetown, Prince Edward Island and London, Ontario, and together
have approximately 122 megawatts of thermal and electric generation
capacity. The Fund's indirect investments consist of loans to, and a
convertible royalty interest in, U.S. Energy Biogas Corp. and the
ownership of the district energy systems.

Further information can be found in disclosure documents filed by the
Fund to Canadian securities regulatory authorities, available at
www.sedar.com.

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