DirectCash Income Fund
TSX : DCI.UN

DirectCash Income Fund

September 15, 2010 09:15 ET

DirectCash Income Fund Closes Bought Deal Financing

CALGARY, ALBERTA--(Marketwire - Sept. 15, 2010) -

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

DirectCash Income Fund ("DirectCash" or the "Fund") (TSX:DCI.UN) is pleased to announce that it has closed its previously announced offering of 1,370,000 trust units (the "Trust Units") at $18.25 per Trust Unit for gross proceeds of approximately $25.0 million. The syndicate of underwriters was led by BMO Capital Markets and included Acumen Capital Finance Partners Limited.

The Fund intends to use the net proceeds of the offering to reduce outstanding indebtedness and for general corporate purposes.

DirectCash's Business

The operating subsidiaries of the Fund (such subsidiary, limited partnerships, partnerships and corporations are collectively referred to as "DirectCash") are the largest branded ATM provider in Canada operating under the trade name DirectCash ATM. DirectCash is also one of the leading providers in Canada of branded non-financial institution debit terminals and prepaid debit and credit card products.

The securities offered will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Additional information about the Fund is available on SEDAR (www.sedar.com) or the Fund's website at www.directcash.net.

The officer who may be contacted for further information is:

Jeffrey J. Smith, President & C.E.O.
DirectCash Management Inc.
Manager of DirectCash Income Fund
Bay #6, 1420 – 28th Street N.E.
Calgary, Alberta T2A 7W6
Direct Telephone: (403) 387-2101
Fax: (403) 451-2101
E-mail: jeff@directcash.net

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contact Information