Gold Participation and Income Fund Announces Semi-Annual End Results

TORONTO, ONTARIO--(Marketwired - Aug. 21, 2015) - Gold Participation and Income Fund (the "Fund") (TSX:GPF.UN) announces results of operations for the six months ended June 30, 2015. Decrease in net assets attributable to equity holders amounted to $0.0 million or $0.03 per unit. Net assets attributable to equity holders as at June 30, 2015 were $3.1 million or $4.47 per unit. Cash distributions to equity holders in the amount of $0.1 million or $0.16 per unit were paid during the period.

The Fund's investment objectives are: (i) to maximize total returns for Unitholders including both long-term appreciation in net asset value ("NAV") per Unit and distributions; and (ii) to pay Unitholders monthly distributions in an amount targeted to be 6.5% per annum on the NAV of the Fund. The Fund achieves its objectives by investing its net assets in the Gold sector with up to 50% in Shares of SPDR Gold Trust, an exchange-traded fund that seeks to track the price of gold by investing directly in gold bullion, and up to 75% in a portfolio of equity securities selected from the S&P/TSX Global Gold Index, a dynamic international benchmark of the world's leading gold companies.

The Fund employs a proprietary investment strategy, Strathbridge Selective Overwriting ("SSO"), to enhance the income generated by the portfolio and to reduce volatility. The Fund may, from time to time, selectively write covered call options in respect of up to a maximum of 25 percent of the securities in the portfolio. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

The Fund's investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. The Fund's units are listed on Toronto Stock Exchange under the symbol GPF.UN.

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com.

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