Spinrite Income Fund

Spinrite Income Fund

July 19, 2005 08:00 ET

Spinrite Income Fund Announces July Distribution

LISTOWEL, ONTARIO--(CCNMatthews - July 19, 2005) - Spinrite Income Fund (TSX:SNF.UN) announced today its cash distribution of $0.08333 per unit for the period from July 1, 2005 to July 31, 2005. This distribution will be made to unitholders of record at the close of business on July 29, 2005, and will be payable on August 15, 2005.

Spinrite Income Fund is an open-ended, limited purpose trust established under the laws of the Province of Ontario, which indirectly holds an 80% interest in Spinrite Limited Partnership ("Spinrite"). Spinrite is the largest producer and marketer of craft yarn in Canada and one of the largest and fastest growing in the United States. Established in 1952, Spinrite researches, develops, manufactures and markets a broad variety of consumer craft yarns. The company also supports its market with patterns that provide customers with creative ideas for knitted products. Spinrite has approximately 600 employees at its fully integrated manufacturing and distribution centre in Listowel, Ontario.

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