HI PREFS Declares Regular Monthly Distributions



    TORONTO, Oct. 3 /CNW/ - The Board of Directors of High Income Preferred
Shares Corporation ("HI PREFS") today announced its regular monthly
distribution to holders of HI PREFS Series 1 Shares (TSX: HPF.PR.A) and
HI PREFS Series 2 Shares (TSX: HPF.PR.B). Distributions are payable
October 31, 2007 to shareholders of record on October 15, 2007.

    HI PREFS invests in a diversified portfolio consisting principally of
common shares issued by corporations whose shares are included in the S&P 500
Index and the S&P/TSX 60 Index, income funds and investment grade debt
securities. Lawrence Asset Management Inc. is both Manager and Investment
Manager of HI PREFS.

    
    Distribution Details

    Distribution per Series 1 Share (TSX: HPF.PR.A):    $0.1219
    Distribution per Series 2 Share (TSX: HPF.PR.B):    $0.0888
    Ex-Dividend Date:                                   October 11, 2007
    Record Date:                                        October 15, 2007
    Payment Date:                                       October 31, 2007
    

    %SEDAR: 00017798E




For further information:

For further information: Investor Relations, Catherine Stretch, (416)
362-6283, info@lawvest.com

Organization Profile

HIGH INCOME PREFERRED SHARES CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890