TERRAVEST INCOME FUND
TSX : TI.UN

TERRAVEST INCOME FUND

October 21, 2008 09:15 ET

TerraVest Income Fund Announces October 2008 Distribution

EDMONTON, ALBERTA--(Marketwire - Oct. 21, 2008) - TerraVest Income Fund (TSX:TI.UN) announced today that it has declared a cash distribution of $0.055 per Unit, effective with the distribution to be paid on November 17, 2008 to Unitholders of record on October 31, 2008. The ex-distribution date is October 29, 2008.

Pursuant to the Normal Course Issuers Bid announced earlier this month, TerraVest has acquired 36,900 of its own Units through October 17, 2008.

About TerraVest Income Fund

The Fund has invested in six businesses:

- RJV is one of the largest providers of wellhead processing equipment for the natural gas industry in western Canada.

- Diamond is a market leader in providing well servicing to the oil and natural gas sector in south-western Saskatchewan, with a growing presence in Alberta.

- Don Park is one of Canada's largest manufacturers and suppliers of heating, ventilation and air conditioning (HVAC) products.

- Stylus is one of Canada's leading made-to-order upholstered furniture manufacturers.

- Beco is the largest Canadian designer, manufacturer and importer of home textile products.

- Ezee-On manufactures heavy-duty equipment for large acreage grain farms and livestock operations.

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