Countryside Power Income Fund

Countryside Power Income Fund

July 20, 2005 10:02 ET

Countryside Power Income Fund Announces Cash Distributions for the Third Quarter of 2005

LONDON, ONTARIO--(CCNMatthews - July 20, 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 its monthly cash distributions for the third quarter of 2005 as follows:

Month Distribution Date Record Date Ex-Distribution Amount
Trading Date
July August 31, July 29, July 27, $0.0854
2005 2005 2005
August September 30, August 31, August 29, $0.0854
2005 2005 2005
September October 31, September 30, September 28, $0.0854
2005 2005 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.

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 capacity of 95 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

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