Countryside Power Income Fund
TSX : COU.UN

Countryside Power Income Fund

October 20, 2006 10:08 ET

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

LONDON, ONTARIO--(CCNMatthews - Oct. 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 fourth quarter of 2006 as follows:



Month Record Date Distribution Date Amount
October October 31, 2006 November 30, 2006 $0.0863
November November 30, 2006 December 29, 2006 $0.0863
December December 29, 2006 January 31, 2007 $0.0860


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 710,000 MMBtus of boiler fuel in 2005. 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.

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