OAKVILLE, ON, May 22 /PRNewswire-FirstCall/ -- Algonquin Power Income Fund (the "Fund") (TSX:APF.UN) of Oakville, Ontario announced today that its Trustees have declared a cash distribution on its trust units. The distribution is $0.0766 per trust unit payable on July 16, 2007 to the unitholders of record on May 31, 2007 for the period from May 01, 2007 to May 31, 2007.
The Fund has 73,448,179 units issued and outstanding which together with 2,620,400 units of Algonquin (AirSource) Power LP outstanding, results in an aggregate of 76,068,579 equivalent trust units issued and outstanding based on the exchange provisions applicable with respect to units of Algonquin (AirSource) Power LP.
About Algonquin Power Income Fund
Algonquin Power Income Fund is an open-ended investment trust that owns and has interests in a diverse portfolio of power generating and infrastructure assets across North America, including 47 hydroelectric facilities, five natural gas-fired cogeneration facilities, 17 alternative fuels facilities and 17 water distribution and waste-water facilities. Algonquin Power Income Fund was established in 1997 to provide unitholders with sustainable, highly stable cash flows through a diversified portfolio of energy and infrastructure assets. Algonquin Power Income Fund's units and convertible debentures are traded on the Toronto Stock Exchange under the symbols APF.UN, APF.DB & APF.DB.A and units are included in the S&P/TSX Composite Index. More information about Algonquin Power Income Fund can be found at http://www.algonquinpower.com/.
