DirectCash Income Fund announces exchange of Exchangeable Units



    TSX: DCI.UN

    CALGARY, June 8 /CNW/ - DirectCash Income Fund (the "Fund") announces
that the following changes have occurred with respect to the outstanding units
of the Fund:

    
    (a) Atlantis Financial Corp., a holding corporation of Jeffrey J. Smith
        (President, CEO, a director, and 10% shareholder of the Fund)
        exchanged 480,000 Special Voting Units/Exchangeable Units into
        regular Participating Trust Units of the Fund,
    (b) Polihale Investments Ltd., a holding corporation of Susan M.
        Gallacher (Vice-President, a director, and 10% shareholder of the
        Fund) exchanged 480,000 Special Voting Units/Exchangeable Units into
        regular Participating Trust Units of the Fund,
    (c) the cumulative result being that the the number of listed
        Participating Trust Units increased from 6,262,200 to 7,222,200 units
        and the number of Special Voting Units/Exchangeable Units decreased
        from 6,209,379 to 5,249,379 units.
    

    Copies of all of these materials are available for viewing by electronic
means from the SEDAR web site (www.sedar.com).
    The Fund is mutual fund trust whose Participating Trust Units are listed
for trading on the Toronto Stock Exchange under the symbol DCI.UN.
    As of June 8, 2007 the Fund has outstanding 7,222,200 Participating Trust
Units.

    THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.





For further information:

For further information: The officer responsible for issuance of this
press release and who may be contacted for further information is: Arie Prins,
Chief Financial Officer, DirectCash Management Inc., Manager of DirectCash
Income Fund, Direct: (403) 387-2103, E-mail: arie@directcash.net

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DIRECTCASH INCOME FUND

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