Newalta Income Fund Announces July Distribution
CALGARY, ALBERTA - Jul 15, 2004 /CNW/ - Newalta Income
Fund ("Newalta") today announced that it has declared a cash
distribution of 12.5 cents per trust unit for the month of July,
2004 payable on August 16, 2004 to all unitholders of record on
July 30, 2004. The ex-distribution date is July 28, 2004.
Based on the July 14, 2004 closing price of $18.85 per trust
unit, the July distribution represents an annualized cash-on-cash
yield of approximately 8.0%.
Newalta Income Fund is an open-ended trust that maximizes the
inherent value in certain industrial wastes through recovery of
saleable products and recycling, rather than disposal. Through an
integrated network of 40 state-of-the-art facilities, Newalta
delivers world-class solutions to a broad customer base of
national and international corporations, in a range of
industries, including the automotive, forestry, pulp and paper,
manufacturing, mining, oil and gas, petrochemical, and
transportation services industries. With a strong track record of
profitable growth and environmental stewardship, Newalta is
focused on leveraging its proven competencies in new service
sectors and geographic markets from coast to coast.
For further information: Newalta Income Fund - Ronald L. Sifton, Senior Vice President, Finance and Chief Financial Officer, (403) 206-2684; Website: www.newalta.com