Connors Bros. Income Fund Announces October Monthly Distribution



    TORONTO, Oct. 22 /CNW/ - Connors Bros. Income Fund (TSX: CBF.UN) (the
"Fund"), today announced that its trustees have approved a cash distribution
of C$0.0667 per unit for the month of October 2008 payable on November 30,
2008, to unitholders of record at the close of business on October 31, 2008.
Holders of units who are non-residents of Canada will be required to pay all
withholding taxes payable in respect of any distributions of income by the
Fund.
    On September 25th, 2008 the Fund announced that it had entered into a
transaction agreement (the "Agreement") to sell its operating businesses to an
affiliate of Centre Partners Management, LLC. The estimated closing for this
transaction is anticipated to be in mid November, 2008. If the transaction
closes prior to November 30, 2008 the cash distribution of C$0.0667 per unit
for the month of October would be paid two business days following the closing
date.

    About Connors Bros. Income Fund

    Connors Bros. Income Fund indirectly owns, through its subsidiaries, a
100% interest in Clover Leaf Seafoods, L.P. and Bumble Bee Foods, LLC.
Together, these two operating companies comprise North America's largest
branded seafood company, offering a full line of canned tuna, salmon, sardine
and specialty seafood products, marketed under leading brands including Bumble
Bee(R), Clover Leaf(R), Brunswick(R), Snow's(R) and Beach Cliff(R), as well as
a full-line of canned chicken products in the U.S. under the Sweet Sue(R)
brand name. For further information, please visit the Fund's website at
www.connors.ca.
    %SEDAR: 00016892E




For further information:

For further information: Kent McNeil, Executive Vice President & Chief
Financial Officer, Connors Bros., Ltd., (858) 715-4076; Source: Connors Bros.
Income Fund

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CONNORS BROS. INCOME FUND

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