Algonquin Power Income Fund declares cash distribution for February 2008



    OAKVILLE, ON, Feb. 21 /CNW/ - Algonquin Power Income Fund (the "Fund")
(TSX:APF.UN) of Oakville, Ontario announced today that its Trustees have
declared a cash distribution on its trust units. The distribution is $0.0766
per trust unit payable on April 15, 2008 to the unitholders of record on
February 29, 2008 for the period from February 01, 2008 to February 29, 2008.
    The Fund has 73,692,161 units issued and outstanding which together with
2,424,437 units of Algonquin (AirSource) Power LP outstanding, results in an
aggregate of 76,070,049 equivalent trust units issued and outstanding based on
the exchange provisions applicable with respect to units of Algonquin
(AirSource) Power LP.

    About Algonquin Power

    Algonquin Power is an open-ended investment trust that owns and has
interests in a diverse portfolio of renewable power generation and sustainable
infrastructure assets across North America, including 42 renewable energy
facilities, 12 thermal energy facilities, and 17 water distribution and
waste-water facilities. Algonquin Power was established in 1997 to provide
investors with sustainable, highly stable cash flows through a diversified
portfolio of renewable energy assets. Algonquin Power's units and convertible
debentures are traded on the Toronto Stock Exchange under the symbols APF.UN,
APF.DB & APF.DB.A and units are included in the S&P/TSX Composite Index.

    %SEDAR: 00009265E




For further information:

For further information: Ms. Kelly Castledine, Algonquin Power Income
Fund, 2845 Bristol Circle, Oakville, Ontario, L6H 7H7, Telephone: (905)
465-4500, E-mail: APIF@algonquinpower.com, Web Page: www.algonquinpower.com


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