Madacy Entertainment to make one-time payment to satisfy 2006 distribution



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    MONTREAL, Dec. 18 /CNW Telbec/ - Madacy Entertainment Income Fund
(TSX: MEG.UN) announced today that it will pay the distribution of $0.09375
which was deferred in August 2006 when the Fund suspended its distributions to
unitholders. The Board of Directors and Trustees have determined that, for tax
purposes, it is in the best interest of the Fund to satisfy this obligation
prior to the end of the current fiscal year. Consequently, this deferred
distribution will be paid on December 28, 2007 to the holders of record of our
units on July 31, 2006.
    The payment of this deferred distribution from 2006 should not be taken
as, or construed to be, an indication that regular distributions to
unitholders are being re-initiated or that such an event is imminent. Under
Madacy's banking agreement, Madacy must achieve certain financial objectives
prior to considering the re-commencement of regular distributions to
unitholders. Additional information relating to Madacy Entertainment Income
Fund, including unaudited financial information and the Management Discussion
and Analysis of the Fund, is available at www.sedar.com and on Madacy's
website at www.madacy.com




For further information:

For further information: Hillel Frankel, President, Madacy Entertainment
Income Fund, (514) 341-5600 x333

Organization Profile

MADACY ENTERTAINMENT INCOME FUND

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