Income & Equity Index Participation Fund

Income & Equity Index Participation Fund

March 22, 2005 09:30 ET

Income & Equity Announces Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INCOME & EQUITY INDEX PARTICIPATION FUND

TSX SYMBOL: IEP.UN

MARCH 22, 2005 - 09:30 ET

Income & Equity Announces Distribution

CALGARY, ALBERTA--(CCNMatthews - March 22, 2005) - Income & Equity Index
Participation Fund (TSX:IEP.UN)reports the distribution to unitholders
of record at the close of business on March 31, 2005 and payable April
15, 2005 is $0.070 Cdn per unit.

As at March 17, 2005, Income & Equity's net asset value was $11.11 Cdn
per unit. The portfolio currently consists of 26% ongoing business
trusts, 23% oil and gas royalty trusts, 15% real estate investment
trusts, 9% industrial, utilities and infrastructure funds, 8% power
generation funds, 5% long life resource funds, 13% S&P/TSX 60 capped
call option and 1% cash and cash equivalents.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Income & Equity Index Participation Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com