OFI Income Fund announces final redemption amount and termination of the Fund



    OTTAWA, Jan. 27 /CNW/ - OFI Income Fund (the "Fund") (TSX: OFB.UN), today
announced that, in accordance with the agreement governing the sale of its
assets to CertainTeed Insulation Canada, Inc., (the "Transaction") the units
of the Fund will be redeemed as scheduled on January 30, 2009 at 12:01 a.m.
(the "Redemption"). As the units trade in the book-based system only,
unitholders need not take any action in respect of the Redemption. Unitholders
will receive $3.17 per unit which will be paid by their broker or other
intermediary.
    As a result of the completion of the Transaction and the redemption of
all the issued and outstanding units of the Fund, the units of the Fund will
cease trading on the Toronto Stock Exchange as of January 30, 2009 and will be
delisted upon closing of trading on the Toronto Stock Exchange on January 30,
2009. Shortly thereafter the Fund will cease to be a reporting issuer and will
subsequently be terminated.

    About CertainTeed

    Through innovation and creative product design, the CertainTeed group of
companies has helped shape the building products industry for more than 100
years. Founded in 1904 as General Roofing Company, the firm made its slogan
"Quality Made Certain, Satisfaction Guaranteed," which quickly inspired the
name CertainTeed. Today, CertainTeed(R) is North America's leading brand of
exterior and interior building products, including roofing, siding, windows,
fence, decking, railing, trim, foundations, pipe, insulation, gypsum, ceilings
and access covers.
    Headquartered in Valley Forge, Pa., CertainTeed and its affiliates have
more than 7,000 employees and more than 70 manufacturing facilities throughout
the United States and Canada. In 2007 the group had total sales of more than
$3 billion. www.certainteed.com.





For further information:

For further information: Michael B. Loughery, CertainTeed, (610)
341-7328, mike.b.loughery@saint-gobain.com, www.certainteed.com/pressroom

Organization Profile

OFI INCOME FUND

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