Newalta Income Fund

Newalta Income Fund

November 15, 2005 18:02 ET

Newalta Income Fund Announces November Distribution

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2005) - Newalta Income Fund (TSX:NAL.UN) ("Newalta") today announced that it has declared a cash distribution of 16.5 cents per trust unit for the month of November 2005, payable on December 15, 2005, to all unitholders of record on November 30, 2005. The ex-distribution date is November 28, 2005.

Based on the November 15, 2005 closing price of $21.52 per trust unit, the November distribution represents an annualized cash-on-cash yield of approximately 9.2%.

Newalta Income Fund delivers dynamic profitable growth and since 1993 Newalta has generated average revenue growth of 30 percent per year. This growth has come equally from internal growth projects and acquisitions. Newalta is focused on adapting technologies to maximize the value inherent in industrial waste through the recovery of saleable products and recycling, minimizing the need for disposal. With 900 talented people and an integrated network of 45 state-of-the-art facilities, Newalta provides innovative solutions to a broad customer base of national and international corporations in a range of industries, including automotive, forestry, manufacturing, mining, oil and gas, petrochemical, pulp and paper, and transportation services. Based on a track record of exceptional customer service, safe operations and environmental stewardship, Newalta is extending its leadership position into new service sectors and geographic markets from coast to coast.

Contact Information

  • Newalta Income Fund
    Ronald L. Sifton
    Senior Vice President, Finance & CFO
    (403) 206-2684