23.05.03

23.5.2003: Meldung: Newalta Income Fund: May Distribution

Newalta Income Fund Announces May Distribution
Tuesday May 20, 5:38 pm ET

CALGARY, ALBERTA--Newalta Income Fund ("Newalta") today announced that it has declared a cash distribution of $0.09 per trust unit for the month of May 2003 payable on June 16, 2003 to all unitholders of record on May 30, 2003. The ex-distribution date is May 28, 2003.

Based on the May 16, 2003 closing price of $9.09 per trust unit, the April distribution represents an annualized cash-on-cash yield of approximately 11.9%.

Newalta Income Fund is an open-ended trust that maximizes the inherent value in industrial wastes through recovery of saleable products and recycling, rather than disposal. Through an integrated network of 34 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.



Contact:

Newalta Income Fund
Ronald L. Sifton
Senior Vice President, Finance & CFO
Phone: (403) 206-2684
Website: www.newalta.com

Source: Newalta Income Fund
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