October 21, 2005 12:20 ET

TerraVest Income Fund Announces October 2005 Distribution

EDMONTON, ALBERTA AND VEGREVILLE, ALBERTA--(CCNMatthews - Oct. 21, 2005) - TerraVest Income Fund (TSX:TI.UN) announced today that it has declared a cash distribution of $0.11083 per unit for the month ended October 31, 2005, payable on November 15, 2005 to unitholders of record at the close of business on October 31, 2005. The ex-distribution date is October 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 five operating divisions, RJV, Stylus, Don Park, Diamond 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. Diamond provides well servicing to the oil and natural gas sector in southwestern Saskatchewan and Alberta. Ezee-On manufactures heavy duty equipment for large acreage grain farms and livestock operations.

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