XS Cargo Income Fund

XS Cargo Income Fund

August 16, 2005 15:36 ET

XS Cargo Income Fund Announces August Cash Distribution

EDMONTON, ALBERTA--(CCNMatthews - Aug. 16, 2005) - XS Cargo Income Fund (the
"Fund") (TSX: "XSC.UN") announced today a cash distribution of $0.09375 per
trust unit for the month of August, 2005. The distribution will be paid on
September 15, 2005 to holders of record of trust units on August 31, 2005.

The Fund's policy is to pay cash distributions on or about the 15th of each
month to unitholders of record on the last business day of the preceding month.

The Fund is an open-ended trust that holds, indirectly, a 51% interest in XS
Cargo Limited Partnership ("XS Cargo LP"). XS Cargo LP is one of the largest
broadline closeout retailers in Canada with 23 stores in the provinces of
Alberta, British Columbia, Saskatchewan, Manitoba and Ontario. The Fund's trust
units are listed on the Toronto Stock Exchange under the symbol "XSC.UN".

Additional information about XS Cargo Income Fund is available at www.sedar.com
and the Fund's website at www.xscargo.com.

Contact Information

  • XS Cargo Income Fund
    Michael McKenna
    President and Chief Executive Officer
    (780) 413-4296
    XS Cargo Income Fund
    Jeff Rootman
    Vice-President, Finance and Chief Financial Officer
    (780) 413-4296
    Website: www.xscargo.com