DirectCash Income Fund announces exchange of exchangeable units



    CALGARY, Oct. 3 /CNW/ - DirectCash Income Fund (TSX: DCI.UN) (the "Fund")
announces that the following changes have occurred with respect to the
outstanding units of the Fund:

    
    (a)    Galco Financial Ltd., a holding corporation of William M.
           Gallacher (a shareholder of the Fund) exchanged 721,875 Special
           Voting Units/Exchangeable Units into regular participating Trust
           Units of the Fund,
    (b)    the cumulative result being that the number of listed
           participating Trust Units increased from 7,219,900 to 7,941,775
           units and the number of Special Voting Units/Exchangeable Units
           decreased from 5,249,379 to 4,527,504 units.

    The Fund is a mutual fund trust whose participating Trust Units are listed
for trading on the Toronto Stock Exchange under the symbol DCI.UN.
    As of October 3, 2008 the Fund has outstanding 7,941,775 participating
Trust Units with another 4,527,504 participating Trust Units issuable upon
exercise of Exchangeable Units for a total number of 12,469,279.

    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(s) responsible for issuance of this
press release and who may be contacted for further information is: John E.
Fauville, C.F.O., DIRECTCASH INCOME FUND, Bay No.6, 1420 - 28th Street N.E.,
Calgary, Alberta, T2A 7W6, Telephone: (403) 387-2103, Fax: (403) 451-3003,
Email: jfauville@directcash.net

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DIRECTCASH INCOME FUND

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