TORONTO, ONTARIO -- (Marketwire) -- 02/18/09 -- The Board of Directors of Income STREAMS III ("IS STREAMS") declares its regular monthly distribution of $0.0875 per Equity Dividend Share (TSX: STQ.E). Distributions are payable March 10, 2009 to shareholders on record as of February 27, 2009.

Since inception Equity Dividend shareholders have received total distributions of $8.02 per share inclusive of this distribution.

The managed portfolio (the managed portion of the assets of IS STREAMS not subject to the Capital Yield share repayment forward contract) is invested primarily in a diversified portfolio of companies included in the S&P 500 and the S&P/TSX 60. To provide additional returns above the dividend and interest income earned on the managed portfolio, a covered call writing program generates option premium income on stocks held in the portfolio.

Distribution Details:

Distribution per Equity Dividend Share (STQ.E)   $ 0.0875

Ex-Dividend Date:                                February 25, 2009

Record Date:                                     February 27, 2009

Payable Date:                                    March 10, 2009