Tree Island Wire Income Fund

Tree Island Wire Income Fund

November 17, 2006 15:15 ET

Tree Island Wire Income Fund: Unitholder Rights Plan Ratified and Confirmed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2006) - Tree Island Wire Income Fund ("Tree Island") (TSX:TIL.UN) is pleased to announce that its unitholders, by a majority of votes cast at a special meeting held today, ratified and confirmed its amended and restated unitholder rights plan.

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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