March 20, 2007 15:00 ET

Newport Partners Income Fund Announces March 2007 Distribution

TORONTO, ONTARIO--(CCNMatthews - March 20, 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 March 1 to March 31, 2007, will be paid on April 13, 2007 to Unitholders of record at the close of business on March 30, 2007. Newport's current annual distribution is $1.00 per Unit.

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 is a leading Canadian asset manager. Newport invests in the private business asset class -- a major growth engine of the Canadian economy. Our objective is to make long-term equity investments in leading private businesses that have a track record of strong earnings and potential for future growth. Newport's portfolio currently consists of 17 high-quality businesses representing a diverse cross-section of the Canadian economy. Newport unitholders participate in the cash flows, growth and diversification of the portfolio through monthly distributions. Newport's management has decades of investment experience and a significant ownership position.