DirectCash Income Fund announces exchange of Exchangeable Units into participating Trust Units



    TSX: DCI.UN

    CALGARY, April 4 /CNW/ - DirectCash Income Fund (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 10% unitholder of the Fund) exchanged 650,000 Special Voting
          Units/Exchangeable Units into regular participating Trust Units of
          the Fund,
    (b)   the cumulative result being that the the number of listed
          participating Trust Units increased from 5,612,200 to
          6,262,200 units and the number of Special Voting Units/Exchangeable
          Units decreased from 6,859,379 to 6,209,379 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 April 4, 2007 the Fund has outstanding 6,262,200 participating
Trust Units.

    The Fund is the largest branded ATM provider in Canada, operating under
the trade name DirectCash ATM, and is one of the leading providers of branded
non-financial institution debit terminals and prepaid card products.
    Additional information about the Fund is available on SEDAR
(www.sedar.com) and the Fund's website at www.directcash.net.





For further information:

For further information: Arie Prins, 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: arie@directcash.net

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DIRECTCASH INCOME FUND

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