Canadian Resources Income Trust Declares Distributions

Wed Apr 16, 11:49 AM

TORONTO, April 16 /CNW/ - The Board of Directors of CaRIT Limited in its capacity as Trustee for Canadian Resources Income Trust ("CaRIT" or the "Trust") announces monthly cash distributions of $0.1360 per Trust Unit for each record date in April to June 2008. Including these distributions, the twelve month trailing distribution will total $1.3895 (2007 - $1.2630) per Unit.

    
    Record and payment dates are as follows:

    Record Date        Payment Date
    -----------        ------------
    April 30, 2008     May 15, 2008
    May 30, 2008       June 13, 2008
    June 30, 2008      July 15, 2008

CaRIT is an investment trust which provides investors with high current yield and low cost diversification through a fixed portfolio of Trust Units of selected Canadian income funds focused primarily on the natural resources industry.

Unitholders are entitled to receive monthly distributions as declared by the Trustee of CaRIT. The Trustee intends to declare and pay an equal monthly distribution to the extent of forecasted distributions to be received for a calendar quarter from the underlying income funds in CaRIT's portfolio, less CaRIT's estimated operating expenses for the period. Any differences from the forecast will be adjusted in the following quarter.

Trust Units of CaRIT are listed for trading on The Toronto Stock Exchange under the symbol RTU.UN.

Contacts

Investor Relations
CaRIT Limited
Trustee of Canadian Resources Income Trust
(416) 863-7144
E-mail: mc_carit@scotiacapital.com
Web site: www.scotiamanagedcompanies.com