OpenSky Capital Index Income Fund - Declaration of distribution and redemption of units



    MONTREAL, Jan. 17 /CNW Telbec/ - TSX: OMP.UN, OpenSky Capital Index
Income Fund (the "Fund") declares a monthly cash distribution of $0.035 per
Unit for the period of January 1 to January 31, 2008. The cash distribution
will be payable on February 15, 2008 to holders of Units on record at the
close of business on January 31, 2008. As at January 15, 2008, the Net Asset
Value per Unit was $7.557.
    The Fund also announces that the Redemption Price for the 636,050 units
tendered for redemption by holders between December 1st and December 31st 2007
is set at $7.552 per Unit net of transaction costs for an aggregate amount of
$4,803,450. This amount will be payable prior to January 25, 2008.
    The Fund intends to pay to Unitholders a monthly cash distribution in an
amount which equals, to the extent possible, approximately 100% of the net
distributions generated on the securities which make up the portfolio (after
borrowing costs and other expenses).
    The Fund has been designed to provide Unitholders with variable exposure
to an equally weighted portfolio of up to 32 Canadian income trusts based on
the top eight income trusts by float adjusted market capitalization as defined
by the S&P/TSX Capped Income Trust Index in each of the following four
sectors: (i) Diversified Business Trusts; (ii) Energy; (iii) Real Estate; and
(iv) Utilities.




For further information:

For further information: Serge Fecteau, OpenSky Capital, (514) 393-1642,
1-866-317-1818

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OPENSKY CAPITAL

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