Phoenix Technology Income Fund

Phoenix Technology Income Fund

March 15, 2005 16:01 ET

Phoenix Technology Income Fund Confirms Cash Distribution for April 15, 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PHOENIX TECHNOLOGY INCOME FUND

TSX SYMBOL: PHX.UN

MARCH 15, 2005 - 16:01 ET

Phoenix Technology Income Fund Confirms Cash
Distribution for April 15, 2005

CALGARY, ALBERTA--(CCNMatthews - March 15, 2005) - Phoenix Technology
Income Fund ("Phoenix") (TSX:PHX.UN) confirms that the monthly cash
distribution for the month of March in the amount of $0.04 per trust
unit, will be paid on April 15, 2005 to unitholders of record on March
31, 2005.

About Phoenix Technology Income Fund

Phoenix Technology Income Fund provides horizontal and directional
drilling services to oil and natural gas exploration and development
companies in Canada and the United States. Phoenix's trust units are
listed on the Toronto Stock Exchange under the symbol "PHX.UN".

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Phoenix Technology Income Fund
    John Hooks
    President and Chief Executive Officer
    (403) 543-4466
    or
    Phoenix Technology Income Fund
    Cameron Ritchie
    Chief Financial Officer
    (403) 543-4466
    The Toronto Stock Exchange has neither approved nor disapproved the
    information contained herein.