Income & Equity Index Participation Fund
TSX : IEP.UN

Income & Equity Index Participation Fund

November 22, 2006 09:30 ET

Income & Equity Index Participation Fund Announces Distribution

CALGARY, ALBERTA--(CCNMatthews - Nov. 22, 2006) - Income & Equity Index Participation Fund (TSX:IEP.UN) reports the distribution to unitholders of record at the close of business on November 30, 2006 and payable December 15, 2006 is $0.075 Cdn per unit.

Throughout the month of October 2006, Income & Equity Index Participation Fund repurchased 52,000 units at an average price of $10.62 per unit under its mandatory repurchase program, which represented a discount to net asset value of 10.5%.

As at November 16, 2006, Income & Equity's net asset value was $10.73 Cdn per unit. The portfolio currently consists of 16% oil and gas royalty trusts, 15% ongoing business trusts, 17% real estate investment trusts, 10% industrials, 16% energy & services, 4% materials, and 21% 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