TERRAVEST INCOME FUND
TSX : TI.UN

TERRAVEST INCOME FUND

July 22, 2009 14:10 ET

TerraVest Income Fund Announces Suspension of Distribution

VEGREVILLE, ALBERTA--(Marketwire - July 22, 2009) - TerraVest Income Fund (TSX:TI.UN) announces that in light of preliminary results for the quarter ended June 30, 2009, and in light of the continuing challenges facing our businesses as a result of current economic conditions, TerraVest's trustees have decided effective today to suspend distributions indefinitely. The suspension of distributions will take effect with respect to the July 2009 distribution, which would have been paid in August 2009. The decision to suspend distributions was made to allow the company to conserve cash, reduce its debt levels and to position TerraVest to capitalize on future opportunities when the economy improves.

About TerraVest Income Fund

The Fund has invested in six businesses:

- RJV is one of the largest providers of wellhead processing equipment for the natural gas industry in western Canada.


- Diamond is a market leader in providing well servicing to the oil and natural gas sector in south-western Saskatchewan, with a growing presence in Alberta.

- Don Park is one of Canada's largest manufacturers and suppliers of heating, ventilation and air conditioning (HVAC) products.

- Stylus is one of Canada's leading made-to-order upholstered furniture manufacturers.

- Beco is one of the largest Canadian designers, manufacturers and importers of home textile products.

- Ezee-On manufactures heavy-duty equipment for large acreage grain farms and livestock operations.

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