Sterling Leaf Income Trust
TSX VENTURE : SLM.UN

Sterling Leaf Income Trust

August 29, 2005 16:48 ET

Sterling Leaf Income Trust Announces its Second Quarter Results

CALGARY, ALBERTA--(CCNMatthews - Aug. 29, 2005) - Sterling Leaf Income Trust (TSX VENTURE: SLM.UN)("Sterling") announced today its financial results for the second quarter ended June 30, 2005.

Revenues for the six months ended June 30, 2005 were $1,897,792 as compared to $707,660 for 2004. Net earnings for the six months ended June 30, 2005 were $135,925 ($0.14 per unit), compared to net earnings of $62,227 ($0.14 per unit) in 2004.

Revenues for the three months ended June 30, 2005 were $761,849 as compared to $656,486 for 2004. Net earnings for the three months ended June 30, 2005 were $37,707 ($0.04 per unit), compared to net earnings of $93,017 ($0.11 per unit) in 2004.

The cash distribution of $0.071 per unit is payable on September 15, 2005 to all holders of units of record on August 31, 2005.

Units of the Income trust are listed on the TSX Venture Exchange under the symbol "SLM.UN".

TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Sterling Leaf Income Services Ltd.
    Paul D'Andrea
    Secretary
    (514) 762-2500
    (514) 762-6535 (FAX)