Newport Partners Income Fund
TSX : NPF.UN

January 16, 2007 12:00 ET

Newport Partners Income Fund to Release 2006 Year-End Results March 29th, 2007; Conference Call at 10:30 am

TORONTO, ONTARIO--(CCNMatthews - Jan. 16, 2007) -

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Newport Partners Income Fund (TSX:NPF.UN) expects to release its 2006 year-end financial results before markets open on Thursday, March 29th. Management will hold a conference call for investors, analysts, brokers and media representatives to discuss the 2006 year-end results on March 29th.



The details are as follows:

Date: March 29, 2007

Time: 10:30 am E.S.T.

Access: 416-695-6130 (local)
1-877-888-4210 (toll free)


This conference call will be recorded and available for replay until Thursday, April 12, 2007. To listen to the replay, please dial 416-695-5275 or 1-888-509-0081, passcode is 638704.

Newport's financial statements will be available prior to the conference call by visiting www.newportpartners.ca, clicking on Investor Relations section and "Financial Reports".

ABOUT NEWPORT

Newport is an unincorporated, open-ended trust created to hold through its 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. Our 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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