May 9, 2008
STERLING SHOES INCOME FUND
MANAGEMENT'S DISCUSSION AND ANALYSIS
MAY 9, 2008
The following management's discussion and analysis ("MD&A") should be read in conjunction
with the unaudited interim consolidated financial statements and accompanying notes ("Interim
Financial Statements") of Sterling Shoes Income Fund (the "Fund") for the three-month period
ended March 31, 2008. Results have been prepared in accordance with Canadian generally
accepted accounting principles ("GAAP" and reported in Canadian dollars unless otherwise
indicated). The fiscal year-end of the Fund
is December 31. |
March 31, 2008
INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF
STERLING SHOES INCOME FUND
MARCH 31, 2008(UNAUDITED – EXPRESSED IN THOUSANDS OF DOLLARS)
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March 26, 2008
STERLING SHOES INCOME FUND MANAGEMENT'S DISCUSSION AND ANALYSIS
The following management's discussion and analysis ("MD&A") should be read in conjunction
with the consolidated financial statements and accompanying notes ("Financial Statements") of
Sterling Shoes Income Fund (the "Fund") for the year ended December 31, 2007. Results have
been prepared in accordance with Canadian generally accepted accounting principles ("GAAP" and reported in Canadian dollars unless otherwise indicated). The fiscal year-end of the Fund is December 31.
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