Shiningbank Energy Income Fund
TSX : SHN.UN

Shiningbank Energy Income Fund

November 03, 2005 09:00 ET

Shiningbank Energy Announces 30% Increase In Monthly Distribution

CALGARY, ALBERTA--(CCNMatthews - Nov. 3, 2005) - Shiningbank Energy Income Fund (TSX:SHN.UN) (the "Fund") today announced that its cash distribution for December 2005 will be C$0.30 per unit. This distribution reflects an increase of 30% from the previous distribution of $0.23 per unit which has been paid since June 2003. The distribution is payable on December 15, 2005 to unitholders of record on November 30, 2005. The ex-distribution date is November 28, 2005.

The increase in the monthly distribution is reflective of stable production performance and continued strength in natural gas prices. Future distributions, as always, are subject to change as dictated by commodity prices, operations and future business development.

Shiningbank Energy Income Fund is a natural gas focused energy trust founded in 1996. The Fund purchases, develops and operates producing properties for the direct benefit of its unitholders. Shiningbank has one of the highest weightings of natural gas production in the energy trust sector at 76%.

Shiningbank is listed on the Toronto Stock Exchange under the symbol SHN.UN.

Contact Information

  • Shiningbank Energy Income Fund
    David M. Fitzpatrick
    President and C.E.O.
    (403) 268-7477 or Toll Free 1-866-268-7477
    or
    Shiningbank Energy Income Fund
    Bruce K. Gibson
    Vice President, Finance and C.F.O.
    (403) 268-7477 or Toll Free 1-866-268-7477
    or
    Shiningbank Energy Income Fund
    Debbie Carver
    Investor Relations
    (403) 268-7477 or Toll Free 1-866-268-7477
    (403) 268-7499 (FAX)
    Email: irinfo@shiningbank.com
    Website: www.shiningbank.com