Rainmaker Income Fund
TSX : RNK.UN

Rainmaker Income Fund

October 18, 2006 15:35 ET

Rainmaker Income Fund Announces Distribution for October 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 18, 2006) - Rainmaker Income Fund (TSX:RNK.UN) (the "Fund") announces its monthly cash distribution for the month of October 2006 of $0.04 per unit payable on November 15, 2006 to unitholders of record at the close of business on October 31, 2006.

Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distribution of income by the Fund.

The Fund is an unincorporated open-ended limited purpose trust located in Vancouver, British Columbia. The Fund indirectly owns 100% of three operating limited partnerships and 62% of Mainframe Entertainment, Inc. (TSX:MFE) Rainmaker Limited Partnership is an award-winning visual effects, computer generated animation and post production entity with a 27 year history providing superior service, using innovative technology and world-class talent to design, build and shape content for feature films, television, games and commercials. EP Canada Limited Partnership is a leading provider of payroll services for the film and television industry across Canada. Canada Film Capital Limited Partnership provides tax credit administration services and financing of tax credits through factoring for film and television productions across Canada. Established in 1993, Mainframe Entertainment Inc. is an industry leader in computer generated animation for television and direct-to-video DVD family entertainment.

This press release and any related attachments may contain forward-looking statements that involve a number of risks and uncertainty. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the periodic reports and documents filed by the Fund with The Toronto Stock Exchange and other regulatory authorities. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and the Fund undertakes no obligation to update the forward-looking statements should there be a change in conditions, or in management's estimates or opinions.


The contents of this press release have neither been approved nor disapproved by any regulatory authority.

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