Tree Island Wire Income Fund
TSX : TIL.UN

Tree Island Wire Income Fund

November 15, 2006 17:33 ET

Tree Island Wire Income Fund: Proxy Cut-Off Extended

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2006) - Tree Island Wire Income Fund (TSX:TIL.UN) announced today that it will extend the proxy cut-off time for its special meeting of unitholders to be held on November 17, 2006 one day to Thursday, November 16, 2006 at 10:00 a.m. (Vancouver time). As certain unitholders have indicated a delay in receiving their proxy materials, Tree Island has determined that it would be in the best interests of unitholders to extend the proxy cut-off to allow all unitholders the opportunity to vote their units.

The board of trustees of Tree Island unanimously recommends that unitholders vote in favour of the resolution ratifying and confirming the amended and restated unitholder rights plan.

To ensure your vote counts, proxies must be submitted prior to 10:00 a.m. (Vancouver time) on Thursday, November 16, 2006 using the toll-free number 1-800-474-7493 or the internet at www.proxyvote.com.

For more information on how to vote proxies, investors should contact Georgeson Shareholder Communications Canada Inc., Tree Island's proxy solicitation agent, toll free within North America at 1-866-546-5780, Attention: Mark Lynch.

Tree Island Profile

Tree Island was launched on November 12, 2002, with the completion of an initial public offering. There are 21,918,400 units of Tree Island outstanding, representing a 100% ownership interest in Tree Island Industries. Tree Island's performance depends entirely on the performance of Tree Island Industries.

Tree Island Industries Profile

Headquartered in Richmond, British Columbia, Tree Island Industries produces wire products for a diverse range of construction, agricultural, manufacturing and industrial applications. Its products include bright wire, stainless steel wire and galvanized wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products, engineered structural mesh, fencing and other fabricated wire products. The company markets these products under the Tree Island, K-Lath, Halsteel, TI Wire and Industrial Alloys brand names.


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