November 29, 2007 09:03 ET

Yellow Pages Income Fund Announces the Declaration of the Quarterly Dividend on the First Preferred Shares Series 1 and Series 2 Issued by YPG Holdings Inc.

MONTREAL, QUEBEC--(Marketwire - Nov. 29, 2007) - Yellow Pages Income Fund (TSX:YLO.UN) announced today that its subsidiary YPG Holdings Inc. has approved the following payments:

- Quarterly cash dividend of $0.26563 per first preferred shares, Series 1 (TSX:YPG.PR.A)

- Quarterly cash dividend of $0.31250 per first preferred shares, Series 2 (TSX:YPG.PR.B)

Both quarterly cash dividend payments are payable on December 27, 2007 to shareholders of record at the close of business on December 13, 2007.

The dividends are designated as eligible dividends for the purposes of section 89 of the Income Tax Act (Canada) and any provision of any similar provincial and territorial legislation.

About Yellow Pages Income Fund

Yellow Pages Income Fund indirectly holds an approximate 97% ownership interest in Yellow Pages Group and Trader Corporation. Yellow Pages Group is Canada's largest telephone directories publisher. It publishes annually more than 340 Yellow Pages™ and residential directories. The Company owns and manages Canada's most visited online directories,™ and, as well as™, a network of seven local city sites. Trader Corporation is a Canadian leader in print and online vertical media with approximately 200 publications and 20 web sites covering four product verticals: automotive, real estate, general merchandise and employment. Its main brands include Auto Trader™, Auto Hebdo™, The Bargain Finder™, Buy&Sell™, Renters News™ and Home Renters' Guide™. For more information about the Fund, visit

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