Phoenix Capital Income Trust

Phoenix Capital Income Trust

October 25, 2005 10:00 ET

Phoenix Capital Income Trust 'Phoenix', TSX Venture Exchange-Units 'PNX.UN'

TORONTO, ONTARIO--(CCNMatthews - Oct. 25, 2005) - Phoenix Capital Income Trust (the "Trust")(TSX VENTURE:PNX.UN) announced today a cash distribution of 5.833 cents per unit for the month of October 2005, payable on or before November 15, 2005 to unitholders of record on October 31, 2005.

Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.

About Phoenix Capital Income Trust:

Phoenix provides liquidity to the Canadian real estate syndicate market by acquiring interests from persons involved in financially sound but illiquid partnerships or managed joint ventures that own real property primarily located in Canada.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Phoenix Capital Income Trust
    James D. Hamilton or Michael Pereira
    (416) 861-1940 or Toll Free: (888) 448-7791