Arriscraft mails notice of special meeting and management information circular



    CAMBRIDGE, ON, June 21 /CNW/ - Arriscraft International Income Fund (the
"Fund") (TSX: AIN.UN) today announced that it has mailed to its voting
unitholders a notice of special meeting, form of proxy and management
information circular relating to a special meeting at which voting unitholders
will be asked to consider, and, if deemed appropriate, approve (i) the sale of
substantially all of the assets of the Fund to 2135504 Ontario Inc., a
wholly-owned subsidiary of General Shale Brick, Inc. ("General Shale"), or to
one or more wholly-owned subsidiaries of General Shale or its parent company,
Wienerberger AG; and (ii) amendments to the Fund's declaration of trust to,
among other things, (a) provide for the redemption of units held by
unitholders for a currently estimated cash consideration equal to
approximately $7.50 per unit and (b) allow for the termination of the Fund,
all as more fully described in the meeting materials.
    These materials are also available at www.sedar.com and on the Fund's
website at www.arriscraft.com.
    The special meeting of unitholders will be held in Toronto at 2:00 p.m.
local time on Tuesday, July 17, 2007 at The Albany Club, Main Dining Room, 91
King Street East, Toronto, Ontario M5C 1G3. The Fund will announce the date
for redemption of its units once the proposed transaction closes but it is
anticipated that the date for redemption will be within five (5) business days
of closing which is currently anticipated to occur on or about July 20, 2007
if the Fund's voting unitholders approve the special resolution presented at
the special meeting and other necessary consents and approvals are obtained.
Subsequent to closing, the Fund will be de-listed from the Toronto Stock
Exchange and wound-up in due course.

    Arriscraft International Income Fund

    The Fund owns the Arriscraft International manufactured stone, brick and
natural stone masonry products business conducted through Arriscraft
International Limited Partnership, Arriscraft International LLC and certain
affiliates in Canada and the United States. Arriscraft produces manufactured
stone masonry products in Canada and the United States using its proprietary
The Natural Edge(R) manufacturing process. Arriscraft also produces brick,
cast stone and natural stone masonry products and distributes its masonry
products across Canada and most of the United States.

    This press release contains forward-looking statements. The statements
that are not historical facts contained in this press release are
forward-looking statements that involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Fund to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
statements. Examples of such statements include (i) the anticipated per unit
redemption price, (ii) the anticipated closing date, (iii) the anticipated
redemption date and (iv) the de-listing and winding-up of the Fund. Actual
results and developments are likely to differ, and may differ materially, from
those expressed or implied by the forward-looking statements contained in this
press release. Such forward-looking statements are based on a number of
assumptions which may prove to be incorrect, including, but not limited to:
the approval by unitholders of the Fund and projected expenses and costs, debt
and working capital levels, as well as the projected benefits to be derived
from the transaction and the business combination of Arriscraft and General
Shale. While the Fund anticipates that subsequent events and developments may
cause the Fund's views to change, the Fund specifically disclaims any
obligation to update these forward-looking statements. These forward-looking
statements should not be relied upon as representing the Fund's views as of
any date subsequent to the date of this press release. Although the Fund has
attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no assurance
that forward-looking statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The factors identified above are not intended to
represent a complete list of the factors that could affect the Fund.
Additional factors are noted under "Risk Factors" in the Fund's management
information circular, a copy of which may be obtained on the SEDAR website at
www.sedar.com.





For further information:

For further information: Arriscraft International Limited Partnership,
David Boles, President and CEO, or Randy Henderson, Sr. Vice President & CFO,
Tel: (519) 653-3275

Organization Profile

ARRISCRAFT INTERNATIONAL INCOME FUND

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