OpenSky Capital Inc.
TSX : OMP.UN

OpenSky Capital Inc.

March 22, 2006 12:53 ET

OpenSky Capital Managed Protection Income Trust Fund: Declaration of Distribution

MONTREAL, QUEBEC--(CCNMatthews - March 22, 2006) - OpenSky Capital Managed Protection Income Trust Fund (TSX:OMP.UN) declares a monthly distribution of $0.04 per unit for the period of March 1 to March 31, 2006. The distribution will be payable on April 17, 2006 to holders of record at the close of business on March 31, 2006. As of March 14, 2006, the Net Asset Value per unit was $9.935.

Monthly cash distributions are expected to be approximately 75% of the net distributions (after borrowing costs and expenses) generated by the Portfolio, with the balance reinvested in the Income Trust Portfolio.

The Trust has been designed to provide holders of units with a variable exposure to an equally weighted portfolio of 30 Canadian income trusts based on the top eight income trusts by float adjusted market capitalization as defined by the S&P/TSX Capped Income Trust Index in each of the following four sectors: (i) diversified business trusts; (ii) energy; (iii) real estate; and (iv) utilities.

Contact Information

  • OpenSky Capital
    Steven Marshall
    (514) 393-1818 or 1 (866) 317-1818