Tree Island Wire Income Fund

Tree Island Wire Income Fund

November 03, 2006 14:44 ET

Leading Authority on Proxy Voting and Corporate Governance Issues in Canada Supports Adopting the Amended and Restated Unitholder Rights Plan for Tree Island Wire Income Fund

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 3, 2006) - Tree Island Wire Income Fund ("Tree Island") (TSX:TIL.UN) announced today that ISS Canada ("ISS") has recommended that its clients vote in favour of the adoption of the amended and restated unitholder rights plan of Tree Island at the special meeting of unitholders to be held on Friday, November 17, 2006 in Vancouver, British Columbia. ISS reached its conclusion after reviewing Tree Island's amended and restated unitholder rights plan.

ISS has been providing advisory and voting services on over 2,200 Canadian companies to leading pension funds, investment managers, mutual funds and institutional shareholders since 1987. Its parent company, Institutional Shareholder Services Inc., is the world's leading provider of proxy voting and corporate governance services with over 20 years of experience.

Tree Island will be holding its special meeting of unitholders on November 17, 2006 at 10:00 am at 1000, 925 West Georgia Street, Vancouver, British Columbia, Canada. To ensure your vote counts, management proxies voting FOR should be submitted prior to 10:00 am (Vancouver time) on Wednesday, November 15, 2006 using one of the methods described on the form of proxy. For more information on how to vote proxies or where to receive the Tree Island management proxy circular, investors should contact Georgeson Shareholder Communications Canada Inc., Tree Island's proxy solicitation agent, toll free within North America at 1-866-546-5780.

Tree Island Profile

Tree Island was launched on November 12, 2002, with the completion of an initial public offering. There are 21,918,400 units of Tree Island outstanding, representing a 100% ownership interest in Tree Island Industries.

Tree Island's performance depends entirely on the performance of Tree Island Industries.

Tree Island Industries Profile

Headquartered in Richmond, British Columbia, Tree Island Industries produces wire products for a diverse range of construction, agricultural, manufacturing and industrial applications. Its products include bright wire, stainless steel wire and galvanized wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products, engineered structural mesh, fencing and other fabricated wire products. The company markets these products under the Tree Island, K-Lath, Halsteel, Tree Island Wire and Industrial Alloys brand names.

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