General Donlee Income Fund announces increased investment in Drive Products Income Fund

    TORONTO, July 2 /CNW/ - General Donlee Income Fund (TSX: GDI.UN)
("General Donlee") announced today that it has acquired 23,000 units of Drive
Products Income Fund (TSX: DPI.UN) ("DPI") bringing its total holdings in DPI
to 924,500 units representing approximately 13.42% of the total outstanding
units of DPI.
    The purchase of the DPI units by General Donlee was made through the
facilities of the Toronto Stock Exchange for investment purposes. General
Donlee may, from time to time, take such actions in respect of its holdings as
it may deem appropriate in light of the circumstances then existing, including
the purchase of additional securities of DPI through open market purchases or
privately negotiated transactions, or the sale of all or a portion of its
holdings in the open market or in privately negotiated transactions to one or
more purchasers.

    General Donlee Income Fund is a trust established to hold the securities
of General Donlee Limited, which is a leading diversified manufacturer of
precision-machined products for the military, commercial and general aerospace
industries and also is a specialist in the manufacture of precision-machined
products for the industrial products and power generation industries.

    %SEDAR: 00017571E

For further information: Gerald Thain, Chief Financial Officer, tel:
[phone], e-mail: [e-mail]