WesternOne Equity Income Fund Announces Cash Distribution for May 2012

WesternOne Equity Income Fund Announces Cash Distribution for May 2012 
VANCOUVER, May 17, 2012 /CNW/ - WesternOne Equity Income Fund ("WesternOne 
Equity") (TSX: WEQ.UN), (TSX: WEQ.DB.B) and (TSX: WEQ.DB.C) today announced 
that its Board of Trustees has approved a cash distribution of $0.05 per trust 
unit for the month of May 2012 (equivalent to $0.60 per trust unit on an 
annualized basis). This distribution will be paid on June 15, 2012 to 
unitholders of record at the close of business on May 31, 2012. 
In addition, WesternOne Equity announced that during April 2012, 266,677 trust 
units were issued at $5.25 per trust unit in connection with the conversion of 
$1,364,000 principal amount in Convertible Unsecured Subordinated Debentures 
(plus accrued interest). As at May 17, 2012, WesternOne Equity had 19,669,327 
trust units, $14,550,000 principal amount of the Convertible Unsecured 
Subordinated Debentures and $86,250,000 principal amount of the Extendible 
Convertible Series 2 Unsecured Subordinated Debentures outstanding. 
The policy of WesternOne Equity is to pay cash distributions on or about the 
15th day of each month to unitholders of record on the last business day of 
the preceding month. 
About WesternOne Equity 
WesternOne Equity seeks to acquire and grow businesses in the construction and 
infrastructure sectors in order to generate stable and growing distributions 
to its unitholders as well as to achieve overall capital appreciation. 
Additional information about WesternOne Equity is available at www.weq.ca or 
www.sedar.com 
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY 
FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE. 
Andrew Greig, Manager of Investor Relations WesternOne Equity Income Fund 
Suite 910, 925 West Georgia Street Vancouver, BC V6C 3L2 Phone: (604) 
678-4042 E-mail:agreig@weq.ca www.weq.ca 
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CO: WesternOne Equity Income Fund
ST: British Columbia
NI: FIN CST DIV  
-0- May/17/2012 13:25 GMT