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Canadian Income Management Inc. (TSX: CAI.DB) and Canadian Income Management Trust (TSX: CNM.UN, TSX: CNM.WT) announce June 2006 distributions
2006-06-16

TORONTO: Canadian Income Management Inc. (the “Corporation”) and Canadian Income Management Trust (the “Trust”) are pleased to announce a semi-annual pro-rated interest payment of $2.50 per debenture and a semi-annual distribution of $0.055 per trust unit. The payments will be made on July 14, 2006 to holders of record on June 30, 2006.

Canadian Income Management: The investment objectives of the Corporation are (i) to provide debentureholders with semi-annual interest payments at a rate of 7% per annum, and (ii) to preserve and potentially enhance the value of the portfolio in order to repay the debentures at maturity.

The investment objectives of the Trust are (i) to provide unitholders with semi-annual cash distributions, initially expected to be $0.155 per trust unit per annum (7.75% of the original issue price of the trust security), and (ii) to preserve and potentially enhance the value of the portfolio in order to return to unitholders at least $2.00 per trust unit upon the termination of the trust in 2012.

To meet the investment objectives, the net proceeds of the offering will be invested in Canadian Income Management LP, which will in turn invest the net proceeds in a diversified portfolio of income trusts, royalty trusts and REITs to be actively managed by Sentry Select Capital Corp., the investment manager.

The investment manager: Sentry Select Capital Corp. provides investment, administrative and marketing services to 24 exchange-listed closed-end funds, 15 of which have exposure to the income trust sector, 16 mutual funds, 13 principal-protected notes and three flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of May 31, 2006, the firm had approximately $8.0 billion in gross assets under management.

More information: Investor Services (broker/investor inquiries) or Brian McOstrich (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1197 info@sentryselect.com www.sentryselect.com

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