May 20, 2005 17:43 ET

TerraVest Income Fund Announces May 2005 Distribution

VEGREVILLE, ALBERTA--(CCNMatthews - May 20, 2005) - TerraVest Income Fund (TSX:TI.UN)announced today that it has declared a cash distribution of $0.10667 per unit for the month ended May 31, 2005, payable on June 15, 2005 to unitholders of record at the close of business on May 31, 2005. The ex-distribution date is May 27, 2005.

TerraVest Income Fund is an income trust whose units trade on the Toronto Stock Exchange. Its mandate is to invest in a diversified group of income producing businesses. The Fund currently has four operating divisions, RJV, Stylus, Don Park, and Ezee-On. RJV is one of the largest providers of wellhead processing equipment for the Canadian natural gas industry. Stylus is one of Canada's leading made-to-order upholstered furniture manufacturers. Don Park is the largest fabricator and wholesaler of HVAC ducts and related equipment in Ontario. Ezee-On manufactures heavy duty equipment for large acreage grain farms and livestock operations.

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