Shiningbank Energy Income Fund
TSX : SHN.UN

Shiningbank Energy Income Fund

March 16, 2007 09:00 ET

Shiningbank Energy Announces April 2007 Monthly Distribution

CALGARY, ALBERTA--(CCNMatthews - March 16, 2007) - Shiningbank Energy Income Fund (TSX:SHN.UN) (the "Fund") today announced that its cash distribution for April 2007 will be C$0.15 per unit. The distribution is payable on April 15, 2007 to unitholders of record on March 31, 2007. The ex-distribution date is March 28, 2007. This represents an approximate 15% annualized pre-tax cash-on-cash yield based on the March 15, 2007 closing price of C$12.22 per unit.

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
    C.F.O.
    (403) 268-7477 or Toll Free 1-866-268-7477
    or
    Shiningbank Energy Income Fund
    Debbie Carver
    Investor Relations Coordinator
    (403) 268-7477 or Toll Free 1-866-268-7477
    (403) 268-7499 (FAX)
    Email: irinfo@shiningbank.com
    Website: www.shiningbank.com