Countryside Power Income Fund
TSX : COU.UN

Countryside Power Income Fund

January 20, 2006 09:03 ET

Countryside Power Income Fund Announces Cash Distributions for the First Quarter of 2006

LONDON, ONTARIO--(CCNMatthews - Jan. 20, 2006) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Countryside Power Income Fund (TSX:COU.UN) (the "Fund") today announced its monthly cash distributions per unit for the first quarter of 2006 as follows:



Month Distribution Date Record Date Amount
January February 28, 2006 January 31, 2006 $0.0863
February March 31, 2006 February 28, 2006 $0.0863
March April 28, 2006 March 31, 2006 $0.0863


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.

Countryside Power Income Fund has investments in two district energy systems in Canada, with a combined thermal and electric generation capacity of approximately 122 megawatts, and two gas-fired cogeneration plants in California with a combined power generation capacity of 94 megawatts. In addition, the Fund has an indirect investment in 22 renewable power and energy projects located in the United States, which currently have approximately 51 megawatts of electric generation capacity and sold approximately 750,000 MMBtus of boiler fuel in 2004. The Fund's investment in the projects consists of loans to, and a convertible royalty interest in, U.S. Energy Biogas Corp.

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

Contact Information