Strongco Income Fund

Strongco Income Fund

March 27, 2007 16:06 ET

Strongco Income Fund: CFO Appointment

MISSISSAUGA, ONTARIO--(CCNMatthews - March 27, 2007) - Strongco Income Fund (the "Fund") (TSX:SQP.UN) announced today that it has hired Grant McCardle as Chief Financial Officer - Designate. It is anticipated that Mr. McCardle will assume the position of Chief Financial Officer upon the departure of Mr. Robert Masaki which is anticipated on or before June 30, 2007. Mr. Masaki advised management on January 16, 2007, of his decision to resign as Chief Financial Officer of the Fund with effect as of June 30, 2007.

Prior to joining Strongco, Mr. McCardle, a Chartered Accountant, served as Chief Financial Officer at a niche manufacturer of high quality plastic containers from 2000 to 2005. During the period 1994 to 1999 Mr. McCardle was employed at Strongco, where he held successively senior management positions of Corporate Controller, Vice President & General Manager, Lift Truck Division, and Senior Vice President, Customer Support. Mr. McCardle was audit manager at a large chartered accountant firm from 1989 to 1993.

The Fund is a trust established to hold the securities of Strongco Limited Partnership, a full-line equipment sales and service provider. The Fund's units are listed on the Toronto Stock Exchange and its website can be accessed at

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