TERRAVEST INCOME FUND
TSX : TI.UN

TERRAVEST INCOME FUND

November 21, 2007 14:18 ET

CORRECTION FROM SOURCE: TerraVest Income Fund Announces November 2007 Distribution

EDMONTON, ALBERTA--(Marketwire - Nov. 21, 2007) - A correction from source is issued with respect to the release issued earlier today at 13:40 ET. The release was intended to be in regards to the November 2007 Distribution, not the October 2007 Distribution. The complete and corrected version follows.

TerraVest Income Fund (TSX:TI.UN) announced today that it has declared a cash distribution of $0.04167 per Unit, effective with the distribution to be paid on December 17, 2007 to Unitholders of record on November 30, 2007. The ex-distribution date is November 28, 2007.

The Exchange Ratio for the Exchangeable Shares of TerraVest Industries Inc. has increased from 1.51313 to 1.52783, effective November 30, 2007. Further information about TerraVest's exchangeable shares and the calculation of the Exchange Ratio can be found at http://www.terravestindustries.com/invinfo_cash.htm. There are currently 1,410,642 Exchangeable Shares outstanding.

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 the largest Canadian designer, manufacturer and importer of home textile products.

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

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