Phoenix Capital Income Trust

Phoenix Capital Income Trust

November 10, 2005 10:42 ET

Phoenix Capital Income Trust Prospectus Update

TORONTO, ONTARIO--(CCNMatthews - Nov. 10, 2005) - Phoenix Capital Income Trust (TSX VENTURE:PNX.UN) advises that it expects the previously announced prospectus offering to be delayed as a result of an inquiry by the Autorite des Marches Financiers into the affairs of a company associated with a former independent trustee of Phoenix. The nature of the inquiry is unknown to Phoenix.

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