GRANBY INDUSTRIES INCOME FUND
TSX : GBY.UN

GRANBY INDUSTRIES INCOME FUND

October 19, 2006 13:47 ET

Granby Industries Income Fund Announces October 2006 Distribution

GRANBY, QUEBEC--(CCNMatthews - Oct. 19, 2006) - Granby Industries Income Fund (the "Fund") (TSX:GBY.UN) announced today the monthly cash distribution for the month of October has been set at $0.075 per unit. The cash distribution will be paid on November 15, 2006 to public unitholders of record at the close of business on October 31, 2006.

The Trustees continually review the Fund's distribution policy and, given the seasonal nature of its business assess the Fund's ability to maintain distributions at the current level on a month by month basis.

About Granby Industries Income Fund

Granby Industries is a leading North American manufacturer of high quality tanks for the residential and light commercial storage of heating oil and other petroleum-based products and is also a leading manufacturer of coated copper tubing. Granby has been operating in the heating oil storage tank industry for more than 50 years and its primary business is manufacturing replacement residential tanks. Granby Industries has operations in Granby, Quebec and Oakville, Ontario.

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