Associated Brands Income Fund
TSX : ABF.UN

Associated Brands Income Fund

August 17, 2005 12:54 ET

Associated Brands Appoints New Trustee

TORONTO, ONTARIO--(CCNMatthews - Aug. 17, 2005) - Associated Brands Income Fund (TSX:ABF.UN) announced today that Ms. Kathy Welsh has been appointed as a Trustee of Associated Brands Operating Trust (ABOT).

Ms. Welsh is a seasoned financial executive with over twenty five years experience in both public and private companies. Most recently she was Chief Financial Officer of Radian Communication Services Corporation, a leader in telecommunications infrastructure and integrated network solutions. She has extensive food and related industry experience gained from her position as Executive Vice President and CFO of The Second Cup Corporation from 1996 to 2000, and in senior financial roles at Maple Leaf Foods Inc. from 1988 to 1996; including as Vice President Finance and CFO of Canada Bread, a publicly traded subsidiary of Maple Leaf Foods Inc., from 1993 to 1996. Ms. Welsh is a Chartered Accountant.

Ms. Welsh has served as a Director of Coffee People, Inc., The Great Canadian Bagel Ltd., Multi Marques Inc., Canada Bread Company and Maple Leaf Mills Inc.

"We are pleased to welcome Kathy Welsh to the Board of Trustees," commented John Currie, Executive Chairman. "She brings a solid finance, accounting and capital markets background to our Board, as well as extensive food industry experience. We look forward to the many contributions she will make."

With the appointment of Ms. Welsh, there are a total of seven Trustees of ABOT, four of whom are independent and unrelated Trustees.

Associated Brands Income Fund (TSX:ABF.UN), through its operating subsidiaries, is a leading North American manufacturer and supplier of private-label dry blend food products and household products. Since beginning operations in 1985, Associated Brands has grown to become one of the three largest suppliers of a diverse range of private-label dry-blend food products in North America, producing over eleven million cases annually across multiple product categories currently sold to 44 of the 50 largest North American food retailers. Associated Brands plans to build unitholder value by leveraging its solid presence in the U.S. private-label market, expanding its product offerings to current and new customers and adding additional contract manufacturing business, and through accretive acquisitions that meet its strict operating and strategic criteria. More information can be obtained at www.associatedbrands.com.

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