XS Cargo Income Fund TSX : XSC.UN

March 20, 2006 08:45 ET

XS Cargo Income Fund Increases Distributions to $0.103

EDMONTON, ALBERTA--(CCNMatthews - March 20, 2006) - XS Cargo Income Fund (the "Fund") (TSX:XSC.UN) is pleased to announce a 10% increase in its monthly distribution to $0.103 per unit ($1.24 on an annualized basis) from $0.094 per unit ($1.12 on an annualized basis). The increase will be effective for the March distribution, which will be paid on April 15, 2006 to holders of record of trust units on March 31, 2006.

The Fund's policy is to pay cash distributions on or about the 15th of each month to unitholders of record on the last business day of the preceding month.

The Fund is an open-ended trust that holds, indirectly, a 51% interest in XS Cargo Limited Partnership ("XS Cargo LP"). XS Cargo LP is one of the largest broadline closeout retailers in Canada with 27 stores in the provinces of Alberta, British Columbia, Saskatchewan, Manitoba and Ontario. The Fund's trust units are listed on the Toronto Stock Exchange under the symbol "XSC.UN".

Additional information about XS Cargo Income Fund is available at www.sedar.com and the Fund's website at www.xscargo.com.