Cinnamon Investments Limited and Patrick Hodgson acquire units of Specialty Foods Group Income Fund



    TORONTO, Oct. 29 /CNW/ - Cinnamon Investments Limited ("Cinnamon") and
Patrick Hodgson ("Hodgson") of 60 Bedford Road, Toronto, Ontario, M5R 2K2
announced that they have acquired control of an additional 450,000 units of
Specialty Foods Group Income Fund ("SFG Fund") for $0.005 per unit
representing 2.24% of the issued and outstanding units of SFG Fund. Cinnamon
and Hodgson now own or control 2,147,000 units or 10.67% of the issued and
outstanding units of SFG Fund. Cinnamon and Hodgson acquired the units of SFG
Fund on the NEX.
    Cinnamon currently owns debentures of Specialty Foods Group, Inc. (the
"Debentures"), a subsidiary of SFG Fund, in the principal amount of
$5,322,000. The Debentures could be exchangeable under certain circumstances
into units of SFG Fund. The trustees of SFG Fund have disclosed that they have
not implemented the required changes to allow SFG Fund to issue units upon the
exchange of the Debentures. If all of the Debenture holders exercised their
right to exchange the Debentures into units of SFG Fund, Cinnamon and Hodgson
would own or control, together with their current holdings of SFG Fund units,
an aggregate of 40,101,125 units or 8.93% of the then issued and outstanding
units of SFG Fund. If Cinnamon exchanged their Debentures (but no other
Debentures were exchanged), Cinnamon and Hodgson would own or control an
aggregate of 40,101,125 units, representing 69.05% of the then issued and
outstanding units of SFG Fund.
    Cinnamon and Hodgson hold units for investment purposes. Depending on
market and other conditions and subject to compliance with applicable
securities laws, Cinnamon and Hodgson may increase or decrease their ownership
of, or control over, SFG Fund units.





For further information:

For further information: or to obtain a copy of the report filed in
respect of the above, please contact Patrick W.E. Hodgson, President, Cinnamon
Investments Limited, at (416) 975-9501 ext. 222

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CINNAMON INVESTMENTS LIMITED

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PATRICK HODGSON

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