AutoCanada Income Fund Announces Regular Cash Distribution for August 2008



    EDMONTON, Aug. 15 /CNW/ - AutoCanada Income Fund ("AutoCanada")
(TSX:ACQ.UN) announced today its regular cash distribution of $0.0833 per
trust unit for the month of August (equivalent to $1.00 per trust unit on an
annualized basis). This distribution will be paid on September 15, 2008 to
unitholders of record at the close of business of August 29, 2008.
    The policy of AutoCanada is to pay cash distributions on or about the
15th of each month to the unitholders of record on the last business day of
the preceding month.

    About AutoCanada
    ----------------
    AutoCanada is Canada's only publicly traded entity with interests
exclusively in the operation of franchised automobile dealerships. Through its
54% interest in AutoCanada LP, it presently owns or manages 21 franchised
automobile dealerships in six provinces and has over 1,070 employees. Through
its owned and managed dealerships, it currently sells Chrysler, Dodge,
Jeep(R), Infiniti, Nissan, Hyundai, Subaru and Mitsubishi branded vehicles. In
2007, its owned and managed dealerships sold approximately 23,300 vehicles,
processed approximately 231,700 service and collision repair orders in 260
service bays, and generated revenue of approximately $835 million.
    Additional information about AutoCanada Income Fund is available at
www.sedar.com and the Fund's website at www.autocan.ca.




For further information:

For further information: Tom Orysiuk, CA, Executive Vice-President and
Chief Financial Officer, Phone: (780) 732-3139, Email: torysiuk@autocan.ca

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AUTOCANADA INCOME FUND

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