Newport Partners Income Fund
TSX : NPF.UN

April 19, 2007 16:00 ET

Newport Partners Income Fund Announces April 2007 Distribution

TORONTO, ONTARIO--(CCNMatthews - April 19, 2007) -

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

Newport Partners Income Fund ("Newport")(TSX:NPF.UN) announced today that a cash distribution in the amount of $0.08333 per Unit, covering the period from April 1 to April 30, 2007, will be paid on May 15, 2007 to Unitholders of record at the close of business on April 30, 2007. Newport's current annual distribution is $1.00 per Unit.

Year to date, Newport has bought back and cancelled 847,500 units at an average price of $6.2854 under its Normal Course Issuer Bid. Newport will continue to purchase units should the price trade in a range that does not reflect the fair value of the units.

ABOUT NEWPORT

Newport is an unincorporated, open-ended trust created to hold through the Company's investment in Newport Partners Commercial Trust, interests in Newport Private Yield LP, ("NPY") a limited partnership established under the laws of the Province of Ontario. Newport began trading on the TSX on August 8, 2005 under the symbol NPF.UN.

Newport provides a simple way for investors to own private equity investments. Through ownership of Newport, investors gain access to a professionally-managed diversified portfolio of successful Canadian private businesses that offers income, growth, diversification and liquidity. Newport's core business is asset management. Its investment philosophy is to make long-term equity investments in leading or niche private businesses that have a track record of strong earnings, and potential for future growth. The Fund seeks to minimize risk through diversification, prudent use of leverage and investing in competent operating management who are known and trusted by Newport management. Newport's portfolio currently consists of 18 private business holdings representing a diverse cross-section of the Canadian economy. Newport's management has decades of investment experience and a significant ownership position in the Fund.

Contact Information