Newalta Income Fund

Newalta Income Fund

September 16, 2005 07:00 ET

Newalta Income Fund Announces September Distribution

CALGARY, ALBERTA--(CCNMatthews - Sept. 16, 2005) - Newalta Income Fund (TSX:NAL.UN) ("Newalta") today announced that it has declared a cash distribution of 15 cents per trust unit for the month of September 2005, payable on October 17, 2005, to all unitholders of record on September 30, 2005. The ex-distribution date is September 28, 2005.

Based on the September 15, 2005 closing price of $24.20 per trust unit, the September distribution represents an annualized cash-on-cash yield of approximately 7.4%.

Newalta Income Fund is an open-ended trust that maximizes the inherent value in certain industrial wastes through recovery of saleable products and recycling, rather than disposal. Through an integrated network of 44 state-of-the-art facilities, Newalta delivers world-class solutions to a broad customer base of national and international corporations, in a range of industries, including the automotive, forestry, pulp and paper, manufacturing, mining, oil and gas, petrochemical, and transportation services industries. With a track record of profitable growth and environmental stewardship, Newalta is focused on leveraging its position in 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