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.


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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