Newport Partners Income Fund
TSX : NPF.UN

January 15, 2007 08:30 ET

Newport Partners Income Fund Closes Two Previously Announced Investments

TORONTO, ONTARIO--(CCNMatthews - Jan. 15, 2007) -

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Newport Partners Income Fund (TSX:NPF.UN) ("Newport" or "the Fund") announced today that its operating partnership, Murray Demolition LP ("Murray"), has closed its previously announced investment in Quantum Environmental Group Inc. ("Quantum") after receiving Competition Bureau approval. Murray and Quantum will carry on business on a combined basis as Quantum Murray LP ("Quantum Murray") creating a leading full-service, national decommissioning and environmental remediation firm with last twelve month revenues of more than $140 million.

To view a copy of the news release announcing Murray's investment in Quantum, please click on the following link: http://www.ccnmatthews.com/docs/murray.pdf.

Newport also announced that its operating partnership, EZEE ATM LP ("EZEE"), Canada's second largest operator of non-financial institution automated teller machines ("ATMs"), has successfully completed its previously announced acquisition of the Canadian ATM assets of TRM Corp. (Q:TRMM)("TRM"). The transaction adds approximately 1,500 operating ATM locations to EZEE's portfolio resulting in a total of approximately 3800 locations across Canada.

To view a copy of the news release announcing EZEE's acquisition of TRM's Canadian ATM assets, please click on the following link: http://www.ccnmatthews.com/docs/ezee.pdf.

ABOUT NEWPORT

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

Newport is a leading Canadian asset manager. Newport invests in the private business asset class -- a major growth engine of the Canadian economy. Newport's objective is to make long-term equity investments in leading private businesses that have a track record of strong earnings and potential for future growth. Newport's portfolio currently consists of 17 high-quality businesses representing a diverse cross-section of the Canadian economy. Newport unitholders participate in the cash flows, growth and diversification of the portfolio through monthly distributions. Newport's management has decades of investment experience and a significant ownership position.

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