STaRS Income Fund - First Quarter 2008 Distributions



    TORONTO, Jan. 21 /CNW/ - Middlefield Group is pleased to announce that
distributions for the first quarter of 2008 will be payable to unitholders of
STaRS Income Fund as follows:

    
    -------------------------------------------------------------------------
                                                            Distribution Per
    Record Date              Payable Date                      Trust Unit
    -------------------------------------------------------------------------
    January 31, 2008         February 15, 2008                   $0.095
    -------------------------------------------------------------------------
    February 29, 2008        March 14, 2008                      $0.095
    -------------------------------------------------------------------------
    March 31, 2008           April 15, 2008                      $0.095
    -------------------------------------------------------------------------

    The asset class weightings for the STaRS Managed Investment Portfolio as
at December 31, 2007 were:

    -------------------------------------------------------------------------
    Asset Class                                          Portfolio Weighting
    -------------------------------------------------------------------------
    Oil and Gas Royalty Trusts                                    37%
    Business Trusts                                               32%
    Real Estate Investment Trusts                                 23%
    Power and Pipeline Trusts                                      4%
    Common Stocks                                                  2%
    Cash                                                           2%
    -------------------------------------------------------------------------
    

    The trust units trade on the Toronto Stock Exchange under the symbol
STZ.UN.

    January 21, 2008

    This press release contains forward-looking information. The
forward-looking information contained in this press release is based on
historical information concerning the distributions and dividends paid on the
securities of issuers historically included in the portfolio of STaRS Income
Fund. Actual future results, including the amount of distributions paid by the
Fund, may differ from the monthly distribution amount. Specifically, the
income from which distributions are paid may vary significantly due to:
changes in portfolio composition; changes in distributions and dividends paid
by issuers of securities included in the Fund's portfolio from time to time;
there being no assurance that those issuers will pay distributions or
dividends on their securities; the declaration of distributions and dividends
by issuers of securities included in the portfolio will generally depend upon
various factors, including the financial condition of each issuer and general
economic and stock market conditions; the level of borrowing by the Fund; and
the uncertainty of realizing capital gains. The risks, uncertainties and other
factors that could influence actual results are described under "Risk Factors"
in the Fund's prospectus dated November 27, 2001 and other documents filed by
the Fund with the Canadian securities regulatory authorities. The
forward-looking information contained in this press release constitutes the
Fund's current estimate, as of the date of this press release, with respect to
the matters covered hereby. Investors and others should not assume that any
forward-looking statement contained in this press release represents the
Fund's estimate as of any date other than the date of this press release.





For further information:

For further information: please visit our website at www.middlefield.com
or contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349

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STARS INCOME FUND

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