Sleep Country Canada Income Fund Announces Monthly Cash Distribution



    TORONTO, Sept. 10 /CNW/ - Sleep Country Canada Income Fund (the "Fund")
(TSX: Z.UN) today announced its cash distribution of $0.1208 per trust unit
for the period from September 1, 2008 to September 30, 2008. The distribution
will be payable on October 20, 2008 to unitholders of record on September 23,
2008.
    In the event that the previously announced acquisition by 7019416 Canada
Inc. (a company established by Birch Hill Equity Partners Management Inc. and
Westerkirk Capital Inc.) of all of the units of the Fund is completed prior to
September 30, 2008, the $0.1208 per unit distribution will be prorated to
reflect the number of calendar days commencing September 1, 2008 and
terminating on the date that 7019416 Canada Inc. takes up the Fund units
pursuant to its offer. Assuming the Fund units are taken up under the offer
after the close of markets on September 23, 2008 (the current expiry date of
the offer), the amount of the distribution will be $0.0926 per unit and that
distribution would be paid to unitholders of record on September 23, 2008 at
the same time that the Fund units are paid for under the offer, instead of on
October 20, 2008.

    About Sleep Country Canada Income Fund

    Sleep Country Canada Income Fund is the largest retailer of mattresses in
Canada with 133 corporate owned stores under the Sleep Country Canada banner
and 28 stores in Quebec under the Dormez-vous Sleep Centres Inc. banner. The
Fund also owns Sleep America LLC, the largest mattress retailer in Arizona
with 46 stores. Sleep Country Canada Income Fund is an open-ended limited
purpose trust that owns 100% of the voting securities of Sleep Country Canada
Inc.
    %SEDAR: 00019107E




For further information:

For further information: Investor Inquiries: Stephen Gunn, Chairman and
Chief Executive Officer; Vicki Jones, Chief Financial Officer and Corporate
Secretary, Tel: (416) 242-4774, Fax: (416) 242-9644,
www.sleepcountry.ca/investor

Organization Profile

SLEEP COUNTRY CANADA INCOME FUND

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