E.D. Smith Income Fund Declares March Distribution



    WINONA, ON, March 21 /CNW/ - E.D. Smith Income Fund (TSX: JAM.UN) today
announced its distribution of $0.05 per unit for the period from March 1, 2007
to March 31, 2007. The distribution will be paid to unitholders of record at
the close of business on March 31, 2007 and will be payable on or before
April 15, 2007.
    For those unitholders holding units outside a tax deferred plan, the Fund
estimates that the distributions will be treated as taxable income. This may
change when the actual results for the fiscal year are calculated.

    About E.D. Smith Income Fund

    E.D. Smith Income Fund is an unincorporated, open-ended, limited purpose
trust that owns E.D. Smith & Sons, Limited and its subsidiaries. E.D. Smith is
a leading manufacturer of a broadly diverse portfolio of high quality branded
and private label food products. E.D. Smith, founded in 1882, markets and
distributes its products to the food retail and foodservice markets in Canada
and the U.S. The Company's products range from fruit-based products, which
include jams (including preserves, jellies, marmalades and spreads), pie
fillings, and ketchup, to sauces, which include pasta sauces, salsa, barbeque
sauces, specialty sauces and syrups, to pourable and spoonable salad dressings
and marinades.
    For further information about the Company, please visit our Internet site
at www.edsmith.com.

    Forward Looking Statements
    This press release contains "forward-looking information". In certain
cases, forward-looking information can be identified by the use of words such
as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking information
involves known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements to be materially different
from any future results, performance or achievements expressed or implied by
the forward-looking information. Such factors include, among others, the
successful integration of acquisitions, the financial performance of the
combined business, competitive forces, the absence or non-renewal of long-term
customer contacts, the absence of guaranteed supply agreements, factors
affecting the supply and price of raw materials, changes to its product
offerings and the market in which they are sold, government regulation, and
other operating hazards. Although the Fund has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, investors should not place undue reliance on forward-looking
information. Forward-looking information is provided as of the date of this
press release, and the Fund assumes no obligation to update or revise them to
reflect new events or circumstances.

    %SEDAR: 00022102E




For further information:

For further information: Bruce Smith, Executive Vice President & CFO, E.
D. Smith Income Fund, Tel: (905) 643-1211 ext. 5220, bsmith@edsmith.com;
Trevor Heisler, Investor Relations, The Equicom Group Inc., Tel: (416)
815-0700 ext. 270, theisler@equicomgroup.com

Organization Profile

E.D. SMITH INCOME FUND

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