TORONTO, ONTARIO -- (Marketwire) -- 08/20/08 -- 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 September 10, 2008 to shareholders on record as of August 29, 2008.

Since inception Equity Dividend shareholders have received total distributions of $7.49 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:                                  August 27, 2008
Record Date:                                       August 29, 2008
Payable Date:                                      September 10, 2008