DirectCash Income Fund announces exchange of Exchangeable Units

TSX: DCI.UN

CALGARY, July 7 /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 190,000 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 190,000 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 7,941,775 to 8,321,775 units
        and the number of Special Voting Units/Exchangeable Units decreased
        from 4,527,504 to 4,147,504 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 July 7, 2010 the Fund has outstanding 8,321,775 Participating Trust Units.

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

SOURCE DIRECTCASH INCOME FUND

For further information: For further information: Hendrik J. Lombard, Chief Financial Officer, DirectCash Management Inc., Manager of DirectCash Income Fund, Direct: (403) 387-2103, E-mail: hlombard@directcash.net

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DIRECTCASH INCOME FUND

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