Royal LePage Franchise Services Fund
TSX : RSF.UN

Royal LePage Franchise Services Fund

October 16, 2007 17:00 ET

Royal LePage Franchise Services Fund Declares Monthly Cash Distribution to Unitholders

TORONTO, ONTARIO--(Marketwire - Oct. 16, 2007) - The Royal LePage Franchise Services Fund (TSX:RSF.UN) today declared a cash distribution of $0.10 per unit for the month of October, payable on November 30, 2007 to unitholders of record on the close of business on October 31, 2007.

About the Royal LePage Franchise Services Fund

The Fund is a leading provider of services to residential REALTORS®. The Fund generates cash flow from franchise royalties and service fees derived from a national network of real estate brokers and agents in Canada operating under the Royal LePage and Johnston & Daniel brand names. At June 30, 2007, the Fund Network was comprised of 12,960 REALTORS® operating from 594 locations The Fund Network has an approximate 20% share of the Canadian residential resale real estate market based on transactional dollar volume. The Fund is a TSX listed income trust, which pays monthly distributions and trades under the symbol "RSF.UN". The Fund's website address is www.rsfund.ca.

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