Newport Partners Income Fund
TSX : NPF.UN

December 18, 2006 12:00 ET

Newport Partners Income Fund Announces December 2006 Distribution

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Newport Partners Income Fund ("Newport")(TSX:NPF.UN) announced today that a cash distribution in the amount of $0.08333 per Unit, covering the period from December 1 to December 31, 2006, will be paid on January 15, 2006 to Unitholders of record at the close of business on December 29, 2006. Newport's current annual distribution is $1.00 per Unit.

ABOUT NEWPORT

Newport is an unincorporated, open-ended trust created to hold through the Company's investment in Newport Partners Commercial Trust, interests in Newport Private Yield LP, ("NPY") a limited partnership established under the laws of the Province of Ontario. Newport began trading on the TSX on August 8, 2005 under the symbol NPF.UN.

Newport is a leading Canadian asset manager. Newport invests in the private business asset class -- a major growth engine of the Canadian economy. Our objective is to make long-term equity investments in leading private businesses that have a track record of strong earnings and potential for future growth. We minimize risk by investing at value prices, with capable operating management who are known to us, and by using debt conservatively. Newport's portfolio currently consists of 17 high-quality businesses representing a diverse cross-section of the Canadian economy. Newport unitholders participate in the cash flows, growth and diversification of the portfolio through monthly distributions. Newport's management has decades of investment experience and a significant ownership position.

Contact Information

  • Newport Partners Income Fund
    Kelly Willis
    (416) 867-8590