VOXCOM Income Fund

VOXCOM Income Fund

May 13, 2005 07:53 ET

VOXCOM Income Fund Files Prospectus

EDMONTON, ALBERTA--(CCNMatthews - May 13, 2005) - VOXCOM Income Fund (the "Fund") announced that it has filed a final prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with its initial public offering of 5,750,000 units at a price of $10 per unit for total gross proceeds of $57,500,000. Based on the offering size and price, the units are expected to provide an initial annual yield of 11 percent through the payment of monthly distributions. The Fund also granted to the underwriters of the offering an over-allotment option to acquire within 30 days following closing an additional 563,782 units on the same terms and conditions.

The Fund will use the proceeds of the offering to acquire all of the common shares of VOXCOM and to repay a portion of VOXCOM's existing credit facilities. The closing of the offering is subject to customary conditions and is expected to occur on or about May 20, 2005.

The offering is being underwritten by a syndicate led by RBC Capital Markets and BMO Nesbitt Burns Inc., and including CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc. and First Associates Investments Inc. A copy of the Fund's prospectus will be available on SEDAR (www.sedar.com).

VOXCOM is a national leader in home and business security systems, serving more than 102,000 customers across Canada. VOXCOM provides monitoring services for security alarm systems and LifeCall emergency response systems to all provinces from its head office and call centre in Edmonton, and has branch offices in major centres across the country. VOXCOM also maintains extensive marketing partnerships and a network of Authorized Dealers throughout Canada.

These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the United States of America.

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