April 13, 2007 12:25 ET

TerraVest Income Fund Corrects April 2007 Distribution Payment Date

EDMONTON, ALBERTA--(CCNMatthews - April 13, 2007) - TerraVest Income Fund (TSX:TI.UN) announced today that the correct payment date for the April distribution of $0.08333 per Unit will be paid on April 16, 2007 to Unitholders of record on March 30, 2007. An earlier news release was incorrect.

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 to provide its Unitholders with stable and increasing cash returns. TerraVest has made six investments:

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

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

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

- 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.

- Beco is one of Canada's largest designers, manufacturers and importers of home textile products.

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

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