Newport Partners Income Fund
TSX : NPF.UN

October 18, 2006 10:03 ET

Newport Partners Income Fund to Release 2006 Q3 Results on November 8, 2006; Conference Call November 9, at 10:00 am

TORONTO, ONTARIO--(CCNMatthews - Oct. 18, 2006) -

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Newport Partners Income Fund ("Newport") (TSX:NPF.UN) announces the following upcoming events:

Third Quarter Results and Conference Call:

Newport expects to release its 2006 Third Quarter financial results at the end of the day on Wednesday, November 8th, 2006. In addition, management will hold a conference call for investors, analysts, brokers and media representatives to discuss the 2006 Third Quarter results on Thursday, November 9th. The details are as follows:

Date: Thursday, November 9, 2006

Time: 10:00 am E.S.T.

Access: Local Access: 416-695-6120, Toll Free Access: 1-877-888-7019

This conference call will be recorded and available for replay until November 23rd, 2006. To listen to the replay, please dial 416-695-5275 (local) or 1-888-509-0081 (toll-free) and enter pass code: 632878.

Newport's financial statements will be available prior to the conference call by visiting www.newportpartners.ca, clicking on Investor Relations section and "Financial Reports".

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. We minimize risk by investing at value prices, with capable operating management who are known to us, and by using debt conservatively. Newport's portfolio currently consists of 16 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.


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