Newport Partners Income Fund
TSX : NPF.UN

January 22, 2008 16:00 ET

Newport Partners Income Fund Announces January 2008 Distribution

TORONTO, ONTARIO--(Marketwire - Jan. 22, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Newport Partners Income Fund ("NPF")(TSX:NPF.UN) announced today that a cash distribution in the amount of $0.0542 per Unit, covering the period from January 1 to January 31, 2008, will be paid on February 15, 2008 to Unitholders of record at the close of business on January 31, 2008. NPF's current annual distribution is $0.65 per Unit.

Year to date, the Fund has bought back and cancelled 40,000 units at an average price of $4.32 under its Normal Course Issuer Bid.

About Newport Partners Income Fund

NPF is an unincorporated, open-ended trust created to hold, through its investment in Newport Partners Commercial Trust, interests in Newport Private Yield LP, a limited partnership established under the laws of the Province of Ontario. NPF began trading on the TSX on August 8, 2005 under the symbol NPF.UN.

NPF is a publicly-traded diversified fund that invests in well-established, successful Canadian private companies. We target above-average rates of return by putting our money to work behind talented entrepreneurs who have a record of success in their business and a growth opportunity for the future. Our unit holders share in the income generated by these businesses as well as their value appreciation. NPF currently has approximately $600 million invested in 18 companies representing a diverse cross-section of the Canadian economy.

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