Art In Motion Income Fund
TSX : AIM.UN

Art In Motion Income Fund

March 18, 2005 08:33 ET

Art In Motion Income Fund Announces March 2005 Cash Distribution

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 18, 2005) - Art In Motion
Income Fund (the "Fund") (TSX:AIM.UN) today announced a cash distribution of
$0.10417 per unit for the month of March 2005. The distribution will be made
to Unitholders of record at the close of business on March 31, 2005 and will
be paid on April 15, 2005. The amount of this distribution is the same as in
previous months.

On December 15, 2004, the Board of Directors of Art In Motion GP Ltd.
suspended distributions on the Class C limited partnership units ("Class C LP
Units") of Art In Motion Limited Partnership ("AIM LP") for the quarter then
ended. Distributions on the Class C LP units remain suspended for the quarter
ended March 31, 2005.

The Class C LP units are owned by the Founders of Art In Motion and form
part of their retained interest. Distributions on the Class C LP Units may be
subordinated in favour of distributions to Unitholders of the Fund and holders
of Class B limited partnership units ("Class B LP Units") if there is a
reasonable likelihood that, after payment of distributions on the Class C LP
Units, there would be insufficient cash available for distribution within the
next 12-month period to ensure aggregate annual distributions on Fund Units
and Class B LP Units of at least $1.25 per unit. The amount otherwise payable
on the Class C LP units for the quarter ended March 31, 2005 is approximately
$670,000. This amount remains payable for the next 12 months if cash is
available for distribution after annual distributions of at least $1.25 per
unit have been made to Unitholders of the Fund and to holders of Class B LP
units.

The Fund is an unincorporated, open-ended limited purpose trust
established under the laws of British Columbia to hold, indirectly, the
securities of AIM LP. Art In Motion is a leading global publisher, framer and
licensor of images and fine-art reproductions. Art In Motion designs,
manufactures and markets fine-art reproductions based on proprietary artwork.

The Fund's policy is to pay cash distributions on or about the 15th of
each month to Unitholders of record on the last business day of the preceding
month.

Contact Information

  • Art In Motion Income Fund - Investor information
    Chief Financial Officer
    877-AIM-3233 (877-246-3233)