SCEPTRE INCOME & GROWTH TRUST
TSX : SZG.UN

SCEPTRE INCOME & GROWTH TRUST
SCEPTRE INCOME & HIGH GROWTH TRUST
TSX : SZH.UN

SCEPTRE INCOME & HIGH GROWTH TRUST

May 19, 2006 13:30 ET

Sceptre Fund Management Inc. as Manager of Sceptre Income & Growth Trust and Sceptre Income & High Growth Trust-Declaration of Distributions and Annual Redemption

TORONTO, ONTARIO--(CCNMatthews - May 19, 2006) - SCEPTRE INCOME & GROWTH TRUST (TSX:SZG.UN) and SCEPTRE INCOME & HIGH GROWTH TRUST (TSX:SZH.UN) declare their regular monthly distributions of $0.0625 and $0.0583 per unit respectively ($0.75 and $0.70 annually respectively). The distributions are payable on June 21, 2006 to shareholders on record as at May 31, 2006.

Sceptre Income & Growth Trust unitholders have received a total of $1.97 per unit in distributions since inception, inclusive of this distribution.

Sceptre Income & High Growth Trust unitholders have received a total of $0.99 per unit in distributions since inception, inclusive of this distribution.



Sceptre Income & Sceptre Income &
Growth Trust High Growth Trust
---------------- -----------------

Regular Distribution per Unit: $ 0.0625 $ 0.0583
Ex- Distribution Date: May 29, 2006 May 29, 2006
Record Date: May 31, 2006 May 31, 2006
Payable Date: June 21, 2006 June 21, 2006


Results of Annual Redemption for Sceptre Income & Growth Trust

SCEPTRE INCOME & GROWTH TRUST is announcing that it has received requests for redemption in respect of a total of 1,093,784 units. Unitholders of Sceptre Income & Growth Trust redeeming units will be entitled to receive for each unit redeemed an amount equal to the net asset value per unit determined as of May 31, 2006 minus the amount which is the lesser of (a) $0.25 and (b) the aggregate of all brokerage fees, commissions and other costs relating to the disposition of the appropriate number of portfolio securities to fund such redemption. Unitholders will receive payment on or before June 14, 2006.

Contact Information

  • Sceptre Fund Management Inc.
    Richard L. Knowles
    President and Chief Executive Officer
    (416) 866-2380