IAT Air Cargo Facilities Income Fund announces second quarter 2007 distribution



    RICHMOND, BC, June 14 /CNW/ - IAT Air Cargo Facilities Income Fund (the
"Fund") (TSX: ACF.UN), a limited purpose trust that owns all of the shares of
International Aviation Terminals Inc. ("IAT"), which owns and leases air cargo
and aviation related buildings at Canadian airports in Vancouver, Calgary,
Edmonton, Saskatoon and Winnipeg, today announced a distribution to
unitholders for the quarter ending June 30, 2007.
    A distribution of $0.17 per unit will be paid on July 13, 2007 to
unitholders of record on June 30, 2007. The distribution represents interest
income on the subordinated notes of IAT for the second quarter 2007 less
estimated administrative expenses of the Fund, and is consistent with the
annual distribution rate for 2007 of $0.68 per unit (a quarterly rate of $0.17
per unit) established by the Trustees of the Fund in December 2006.

    IAT AIR CARGO FACILITIES INCOME FUND

    The Fund and IAT, the Fund's wholly-owned subsidiary, specialize in the
ownership, construction, management and marketing of aviation-related
facilities. IAT currently owns and manages approximately 1.1 million square
feet of air cargo and aviation related facilities at five of Canada's leading
international airports. Approximately 65% of the Fund and IAT's holdings are
located at Vancouver International Airport, Canada's second largest airport.

    CAUTION REGARDING FORWARD-LOOKING STATEMENTS: Forward-looking statements,
including statements with respect to expected distributions, cash flows,
revenues, earnings, capital expenditures, occupancy rates, growth rates, value
of future lease extensions, ongoing business strategies or prospects. Adjusted
EBITDA, possible future Fund and IAT action and other measures are based on
information available at the time they are made, assumptions made by
management, and management's good faith belief with respect to future events,
and are subject to the risks and uncertainties outlined in the Fund's annual
information form that could cause actual performance or results to differ
materially from those reflected in the forward-looking statements, historical
results or current expectations. All forward-looking statements may be
affected by and are subject to the risks set out under Risk Factors in the
Fund's annual information form.





For further information:

For further information: IAT CONTACT: Alison M. Hill, President & Chief
Executive Officer, International Aviation Terminals Inc., Direct (415)
733-9499, Fax (415) 477-2199, Email ahill@amb.com

Organization Profile

IAT AIR CARGO FACILITIES INCOME FUND

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