Newport Partners Income Fund
TSX : NPF.UN

September 22, 2005 08:29 ET

Newport Partners Income Fund Announces September 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - Sept. 22, 2005) -

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

Newport Partners Income Fund (TSX:NPF.UN) announced today that a cash distribution in the amount of $0.07708 per Unit, covering the period from September 1 to September 30, 2005, will be paid on October 14, 2005 to unitholders of record at the close of business on September 30, 2005. Newport's current annual distribution is $0.925 per Unit.

ABOUT NEWPORT PARTNERS INCOME FUND

Newport Partners Income Fund 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, a limited partnership established under the laws of the Province of Ontario. The Fund began trading on the TSX on August 8, 2005 under the symbol NPF.UN.

ABOUT NEWPORT

Newport is the financial partner to successful entrepreneurs who have proven track records and operate businesses that have a history of profitability and consistent cash flows. Newport has an ownership interest in ten operating partnerships in four industries generating approximately $339 million in revenues and $60 million in distributable cash. Newport's business strategy allows the entrepreneur to make the operating decisions for the business, while strategic and capital allocation decisions are made jointly by Newport and the entrepreneur. Entrepreneurs are attracted to Newport by the opportunity to diversify their personal wealth while still maintaining operational control of their business and benefiting from access to lower cost capital. Newport's managing principals are 15 individuals who have more than 350 years experience in investment management, corporate finance and operations.

Contact Information

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