Inter Pipeline Fund Announces Strong Second Quarter 2008 Results

CALGARY, ALBERTA--(Marketwire - Aug. 7, 2008) - Inter Pipeline Fund (Inter Pipeline) (TSX:IPL.UN) announced today its financial and operating results for the three and six month periods ended June 30, 2008. Highlights - Funds from operations(i) increased 48.7% to $66.9 million in the second quarter of 2008, compared to the same quarter a year ago - Payout ratios before sustaining capital(i) for the three and six month periods ended June 30, 2008 were 69.7%, and 65.2%, respectively - Cash distributions to unitholders totalled $46.6 million, or $0.21 per unit during the quarter compared to $42.6 million or $0.21 per unit in Q2 2007 - Transportation volumes on Inter Pipeline's oil sands transportation and conventional oil pipeline systems averaged approximately 732,000 barrels per day (b/d) during the quarter, 142,000 b/d higher... [read full story]                    

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