OpenSky Capital Index Income Fund - Approval of a special resolution for the liquidation and dissolution of the Fund



    MONTREAL, March 12 /CNW Telbec/ - TSX: OMP.UN, OpenSky Capital Index
Income Fund (the "Fund"), announces that pursuant to the special meeting held
today, Unitholders have approved the special resolution to liquidate and
dissolve the Fund. 88.19% of the votes expressed at the special meeting were
in favour of the special resolution.
    Given this approval, the Administrator will instruct the Portfolio
Manager to proceed with an orderly liquidation of the Fund's portfolio of
securities and to invest the proceeds into short term debt issued by the
Government of Canada pending the final distribution. The Administrator will
ensure that all liabilities of the Fund will be discharged from its assets and
the remaining assets will be distributed in cash to Unitholders proportional
to the number of Units held in the Fund.
    Prior to this final cash distribution, the Administrator will prepare a
closing balance sheet and the auditors of the Fund, PricewaterhouseCoopers
LLP, will audit it. The Administrator expects to proceed with the final cash
distribution as soon as possible after the completion of the audit. The final
cash distribution is anticipated to take place prior to June 30, 2008.
    Following the payment on March 14, 2008 to holders of Units on record as
of February 29, 2008, there will be no monthly distribution made by the Fund
prior to the final cash distribution. As of March 11, 2008, the Net Asset
Value per unit was $7.435.




For further information:

For further information: Serge Fecteau, OpenSky Capital, (514) 393-1642,
1-866-393-1219

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OPENSKY CAPITAL

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