Income & Equity Index Participation Fund
TSX : IEP.UN

Income & Equity Index Participation Fund

August 23, 2006 09:30 ET

Income & Equity Index Participation Fund Announces Distribution

CALGARY, ALBERTA--(CCNMatthews - Aug. 23, 2006) - Income & Equity Index Participation Fund (TSX:IEP.UN) reports the distribution to unitholders of record at the close of business on August 31, 2006 and payable September 15, 2006 is $0.075 Cdn per unit.

Throughout the month of July 2006, Income & Equity Index Participation Fund repurchased 51,500 units at an average price of $10.37 per unit under its mandatory repurchase program, which represented a discount to net asset value of 13.3%.

As at August 17, 2006, Income & Equity's net asset value was $12.26 Cdn per unit. The portfolio currently consists of 22% oil and gas royalty trusts, 14% ongoing business trusts, 14% real estate investment trusts, 11% industrials, 16% energy & services, 4% materials, 18% 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