Spinrite Income Fund

Spinrite Income Fund

July 19, 2005 08:00 ET

Spinrite to Hold Q2 Results Conference Call for Fiscal 2005

LISTOWEL, ONTARIO--(CCNMatthews - July 19, 2005) - Spinrite Income Fund (TSX:SNF.UN), today announced it will hold its second quarter conference call on Thursday, July 28, 2005 at 4:30 p.m. ET. Results for the second quarter will be released the same day before markets open.

Dario Margve, President and Chief Executive Officer, and Ryan Newell, Chief Financial Officer, will discuss the Fund's results and financial performance for the reporting period ended July 2, 2005.

To access the call, please dial 416-640-4127 or 1-800-814-4862. Please call five minutes prior to the call.

A replay of the conference call will be available as of noon the same day, until midnight August 4, 2005. To access the replay dial 416-640-1917, or toll free at 1-877-289-8525, followed by the passcode 21131837#.

The Fund's financial statements, notes to financial statements and management's discussion and analysis will be available at www.sedar.com or at www.spinriteincomefund.com.

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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