CALGARY, ALBERTA--(CCNMatthews - July 18, 2005) - Newalta Income Fund (TSX:NAL.UN) ("Newalta") today announced that it has declared a cash distribution of 15 cents per trust unit for the month of July, 2005 payable on August 15, 2005 to all unitholders of record on July 29, 2005. The ex-distribution date is July 27, 2005.
Based on the July 18, 2005 closing price of $23.43 per trust unit, the July distribution represents an annualized cash-on-cash yield of approximately 7.7%.
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 42 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 track record of profitable growth and environmental stewardship, Newalta is focused on leveraging its position in new service sectors and geographic markets from coast to coast.
FOR FURTHER INFORMATION PLEASE CONTACT:
Newalta Income Fund
Ronald L. Sifton
Senior Vice President, Finance & CFO