Drive Products Income Fund

TSX: DPI.UN
Drive Products Income Fund
Sep 19, 2006 11:44 ET

Drive Products Income Fund Announces August 25th 2006 to September 30, 2006 Cash Distributions

TORONTO, ONTARIO--(CCNMatthews - Sept. 19, 2006) - As indicated in the prospectus for its initial public offering, Drive Products Income Fund (TSX:DPI.UN) today announced a cash distribution of $0.11237 per unit for the period from August 25th 2006 to September 30, 2006 (equivalent to $1.10 per unit on an annualized basis). The distribution is payable to unitholders of record on September 29, 2006 and will be paid on October 16, 2006. Gregory A. Edmonds, Director and Chief Executive Officer of the Fund commented, "We are pleased to announce our initial distribution since the creation of the Fund in late August, 2006".

Unitholders who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions by the Trust.

About Drive Products Income Fund

Founded in 1983, Drive Products is a Canadian leader in the design and installation of systems solutions that transform a conventional new truck chassis into a specialized vehicle that meets a customer's technical and performance requirements. To achieve this, Drive Products offers a wide variety of products such as PTOs, hydraulic pumps, motors and coolers, winches, cables and controls, drivelines, blowers and compressors, hoses and fittings, custom consoles, snowplows, spreaders and electronic spreader controls, from leading international manufacturers, in many instances as the sole distributor in Canada.

The Fund was created on August 25, 2006 and the Fund's units trade on the Toronto Stock Exchange under the symbol DPI.UN. Additional information on Drive Products, can be viewed at www.driveproducts.com.

Forward Looking Statements

This press release contains forward-looking statements relating to expected future events and financial and operating results of the Fund. These statements involve risks and uncertainties. Actual results may differ materially from those anticipated by such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed from time to time in the Fund's continuous disclosure documents filed with the Canadian securities regulatory authorities. The Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

For more information, please contact

Drive Products Income Fund
Gregory Edmonds
Chief Executive Officer
(905) 564-5800

or

Drive Products Income Fund
Chris Boudreau
Chief Financial Officer
(905) 795-3929