Clean Power Income Fund Announces Tax Information for 2006 Distributions to Unitholders



    TORONTO, March 20 /CNW/ - Clean Power Income Fund (TSX:CLE.UN) today
announced that the distributions received by unitholders in 2006 are
determined to be 12.15% taxable and 87.85% will be treated as a Return of
Capital ("ROC").
    Unitholders are required to reduce the Adjusted Cost Base ("ACB") of
their trust units by an amount equal to the cumulative distributions received
during 2006 minus the cumulative taxable amounts reported as "Other Income" or
"Dividend Income" on the T3 slip. The ACB is used in calculating capital gains
or losses on the disposition of trust units, if the trust units are held as
capital property by the owner.
    Unitholders holding their units outside registered investment plans
(RRSPs, RRIFs or DPSPs) should receive a T3 Supplementary Information slip
from their brokerage firm on or before March 31, 2007, and are required to
report the taxable portion of distributions received on their 2006 income tax
return.
    Unitholders who reside outside of Canada should consult their tax
advisors with respect to the tax implications of the cash distributions
received in 2006.
    The following table summarizes tax information for Canadian residents
only:

    
    -------------------------------------------------------------------------
                                      Total                           Non-
                                     Distri-   Taxable:   Taxable:   Taxable:
                                     bution     Box 23     Box 26     Box 42
                                       Cdn$   Dividend      Other  Return of
    Record Date    Payment Date       (100%)    Income     Income    Capital
    -------------------------------------------------------------------------
    January 31,    February 28,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    February 28,   March 31,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    March 31,      April 28,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    April 28,      May 31,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    May 31,        June 30,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    June 30,       July 31,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    July 31,       August 31,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    August 31,     September 29,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    September 30,  October 31,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    October 31,    November 30,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    November 30,   December 29,
     2006           2006           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    December 29,   January 31,
     2006           2007           $0.05834   $0.00090   $0.00619   $0.05124
    -------------------------------------------------------------------------
    

    About Clean Power

    Clean Power Income Fund is an open-ended investment trust that is
invested in 15 power generating facilities located in Québec, Ontario,
Alberta, British Columbia and four U.S. states with a total capacity of 303
MW. Three environmentally preferred technologies - windpower, waterpower and
biomass - deliver electricity almost exclusively under long-term sales
contracts and at minimal to zero fuel cost.
    Clean Power Income Fund is the first income fund to be certified under
the Government of Canada's Environmental ChoiceM Program. Clean Power Income
Fund's units and convertible debentures are listed and posted for trading on
the Toronto Stock Exchange under the symbols "CLE.UN" and "CLE.DB",
respectively.
    More information about Clean Power Income Fund can be found at
www.cleanpowerincomefund.com.

    Forward Looking Statements

    This press release may contain forward-looking statements within the
meaning of applicable securities legislation. Any statements that express or
involve discussions with respect to the Fund's expectations, beliefs,
intentions, future events or performance (often using words such as
"believes", "expects", "anticipates" or "intends" or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken
or achieved) are not statements of historical fact, but are forward-looking
statements. Such forward-looking statements, by their nature, necessarily
involve known and unknown risks, uncertainties and other factors beyond the
Fund's ability to control or predict, that may cause the Fund's actual
results, performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Investors and others should not place undue
reliance on these forward-looking statements as actual results could differ
materially from the forward-looking statements in this press release based on
risks associated with the unitholder value enhancement opportunities involving
third parties and other factors over which the Fund has no control including
the risks detailed from time to time in the documents filed by the Fund with
securities regulators. The Fund does not undertake or assume any obligation to
publicly update or revise any forward-looking statement, whether as a result
of new information, future events or any other reason.




For further information:

For further information: Rob A. Roberti, Chief Financial Officer, Clean
Power Operating Trust, (416) 777-2800 ext. 259, info@cleanpowerincomefund.com,
Website: www.cleanpowerincomefund.com

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CLEAN POWER INCOME FUND

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