Shiningbank Energy Income Fund
TSX : SHN.UN

Shiningbank Energy Income Fund

October 18, 2006 09:00 ET

Shiningbank Energy Announces November 2006 Monthly Distribution

CALGARY, ALBERTA--(CCNMatthews - Oct. 18, 2006) - Shiningbank Energy Income Fund (TSX:SHN.UN) (the "Fund") today announced that its cash distribution for November 2006 will be C$0.23 per unit. The distribution is payable on November 15, 2006 to unitholders of record on October 31, 2006. The ex-distribution date is October 27, 2006. This represents an approximate 14% annualized pre-tax cash-on-cash yield based on the October 17, 2006 closing price of C$19.20 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 77%.

Shiningbank is listed on the Toronto Stock Exchange under the symbol SHN.UN. For further information please visit our website, www.shiningbank.com.

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 Coordinator
    (403) 268-7477 or Toll Free 1-866-268-7477
    (403) 268-7499 (FAX)
    Email: irinfo@shiningbank.com
    Website: www.shiningbank.com