Livingston International Income Fund completes bought-deal financing



    /NOT FOR DISTRIBUTION IN THE UNITED STATES/

    TORONTO, June 19 /CNW/ - Livingston International Income Fund (TSX:
LIV.UN) announced today that it has completed its previously announced
bought-deal financing of 6.9 million trust units from treasury, at a price of
$4.30 per trust unit, for gross proceeds of approximately $29.7 million
(including 900,000 trust units issued pursuant to the exercise in full of the
over-allotment option granted to the underwriters). The syndicate of
underwriters was led by Scotia Capital Inc. and included BMO Nesbitt Burns
Inc. and TD Securities Inc. The Fund intends to use the net proceeds of the
offering to repay bank debt.
    The Fund also announced today that, as requested by the OSC, it filed a
material change report on and dated June 11, 2009 regarding the suspension of
distributions and amendments to its credit facility, which were previously
disclosed in its press release dated May 12, 2009 and in its management's
discussion and analysis for the three-months ended March 31, 2009, available
at www.sedar.com.

    About Livingston

    Livingston International Income Fund is a trust that holds the securities
of Livingston International Inc., a leading North American provider of
customs, transportation and integrated logistics services. Headquartered in
Toronto, Ontario, Livingston has more than 2,500 employees located at
approximately 100 key border points, seaports, airports and other strategic
locations across Canada and the United States.

    Forward-looking statements

    Certain statements in this release may be considered forward-looking
statements, which reflect management's current beliefs and expectations and
that involve assumptions about expected future events or results that are
subject to inherent risks and uncertainties.  There is significant risk that
assumptions and other forward-looking statements will not prove to be
accurate.  Many factors could cause actual future results, conditions or
events to differ materially from the results or outcomes expressed, including
risks related to trade volumes, deterioration of economic conditions, currency
volatility and continued availability of credit facilities and bonds, among
others.  Investors are cautioned not to place undue reliance on assumptions or
forward-looking statements.




For further information:

For further information: Dawneen MacKenzie, vice-president, public
affairs, 1-800-387-7582 ext. 3109

Organization Profile

LIVINGSTON INTERNATIONAL INCOME FUND

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Livingston International Inc.

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