MATRIX Income Fund - April 2007 Distribution



    TORONTO, April 16 /CNW/ - Middlefield Group is pleased to announce that a
distribution of $0.075 per trust unit will be payable on May 4, 2007 to MATRIX
Income Fund unitholders of record on April 30, 2007.
    MATRIX Income Fund and MINT Income Fund will merge with MINT as the
continuing fund. The merger is expected to occur on or about May 24, 2007. As
a result, monthly distributions for the balance of 2007 will be payable by
MINT.
    The trust units trade on the Toronto Stock Exchange under the symbol
MTZ.UN.

    This press release contains forward-looking information. The
forward-looking information contained in this press release is based on
historical information concerning the distributions and dividends paid on the
securities of issuers historically included in the portfolio of MATRIX Income
Fund. Actual future results, including the amount of distributions paid by the
Fund, may differ from the monthly distribution amount. Specifically, the
income from which distributions are paid may vary significantly due to:
changes in portfolio composition; changes in distributions and dividends paid
by issuers of securities included in the Fund's portfolio from time to time;
there being no assurance that those issuers will pay distributions or
dividends on their securities; the declaration of distributions and dividends
by issuers of securities included in the portfolio will generally depend upon
various factors, including the financial condition of each issuer and general
economic and stock market conditions; and the uncertainty of realizing capital
gains. The risks, uncertainties and other factors that could influence actual
results are described under "Risk Factors" in the Fund's prospectus dated
January 28, 2005 and other documents filed by the Fund with the Canadian
securities regulatory authorities. The forward-looking information contained
in this press release constitutes the Fund's current estimate, as of the date
of this press release, with respect to the matters covered hereby. Investors
and others should not assume that any forward-looking statement contained in
this press release represents the Fund's estimate as of any date other than
the date of this press release.




For further information:

For further information: please visit our website at www.middlefield.com
or contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349

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MATRIX INCOME FUND

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