Charterhouse Preferred Share Index Corporation Declares Quarterly Distribution



    TORONTO, Oct. 18 /CNW/ - Charterhouse Preferred Share Index Corporation
(the "Company") is pleased to announce a return of capital distribution of
$0.2419 per PSI Preferred Share ("Share") that will be paid in cash on
October 31, 2007 to holders of record at the close of business on
October 29, 2007. This distribution covers the Company's fiscal first quarter
ending October 31, 2007 and equates to an annualized current yield of
approximately 4.7 % based on the closing price of the Shares of $20.65 on
October 17, 2007.
    Approximately $0.01 per Share represents above estimate distributable net
investment income earned in previous quarters. Distributions paid by the
Company vary from quarter to quarter as a result of changes in the make up and
weighting of the Index Portfolio, the actual income received from securities
underlying the Index Portfolio and borrowing costs.





For further information:

For further information: Kevin S. Beatson, Chief Executive Officer,
kbeatson@jovfunds.com; Web site: www.jovfunds.com

Organization Profile

CHARTERHOUSE PREFERRED SHARE INDEX CORPORATION

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