Newport Partners Income Fund
TSX : NPF.UN

Newport Partners Income Fund

March 07, 2008 14:53 ET

Newport Partners Income Fund Confirms Ongoing Interest in Brompton's Cash Flow and Growth

TORONTO, ONTARIO--(Marketwire - March 7, 2008) -

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Newport Partners Income Fund (TSX:NPF.UN) ("the Fund") has confirmed that on the completion of the proposed transaction announced earlier today with respect to Brompton Funds LP ("Brompton"), the Fund will continue to participate in the earnings of Brompton through its indirect 41.7% economic interest in Duntroon Energy Ltd ("Duntroon").

Following the transaction, the Brompton business will be carried on by Duntroon (which is expected to change its name to Brompton Corp.) on substantially the same basis as it is currently carried on by Brompton with the same management team, directors and independent review committee.

The transaction is expected to provide a tax-efficient platform for the possible expansion of Brompton's business.

About Newport Partners Income Fund

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

Newport Partners Income Fund is a publicly-traded diversified fund that invests in well-established, successful Canadian private companies. We target above-average rates of return by putting our money to work behind talented entrepreneurs who have a record of success in their business and a growth opportunity for the future. Our unit holders share in the income generated by these businesses as well as their value appreciation. The Fund currently has approximately $600 million invested in 18 companies representing a diverse cross-section of the Canadian economy.

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