Phoenix Capital Income Trust

Phoenix Capital Income Trust

August 26, 2005 17:29 ET

Phoenix Capital Income Trust: Press Release

TORONTO, ONTARIO--(CCNMatthews - Aug. 26, 2005) - Phoenix Capital Income Trust ("Phoenix"), (TSX VENTURE:PNX.UN)

For the period ended June 30, 2005, Phoenix incurred a loss of $5,571 ($0.01 per share).

The results are for the period commencing with the formation of the Trust on April 30, 2005, and ending on June 30, 2005, and include the results of Phoenix Capital Inc. from June 17, 2005, the date of acquisition pursuant to the Plan of Arrangement.

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, Toll Free: (888) 448-7791