Income & Equity Index Participation Fund
TSX : IEP.UN

Income & Equity Index Participation Fund

March 23, 2006 09:30 ET

Income & Equity Index Participation Fund Announces Distribution

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Income & Equity Index Participation Fund (TSX:IEP.UN) reports the distribution to unitholders of record at the close of business on March 31, 2006 and payable April 17, 2006 is $0.07 Cdn per unit.

Throughout the month of February 2006, Income & Equity Index Participation Fund repurchased 55,500 units at an average price of $10.75 per unit under its mandatory repurchase program, which represented a discount to net asset value of 11.9%.

As at March 16, 2006, Income & Equity's net asset value was $12.48 Cdn per unit. The portfolio currently consists of 24% oil and gas royalty trusts, 12% ongoing business trusts, 16% real estate investment trusts, 10% industrials, 16% energy & services, 4% materials, 17% S&P/TSX 60 capped call option and 1% cash and cash equivalents.


Contact Information

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