AutoCanada Income Fund - Provides notice of release of 2008 second quarter financial results and conference call

    EDMONTON, July 31 /CNW/ - AutoCanada Income Fund ("AutoCanada")
(TSX:ACQ.UN) will release its 2008 second quarter financial results on Monday,
August 11, 2008. Pat Priestner, Chief Executive Officer of AutoCanada, will
host an open conference call to discuss the results on Monday, August 11,
2008, at 9:00 a.m. MDT, 11:00 a.m. EDT.
    To participate in the conference call, please dial 1-800-732-0232
approximately 10 minutes prior to the call. An archived recording of the call
will be available shortly after the completion of the call through Monday,
August 18, 2008 by dialling 1-877-289-8525 or 416-640-1917 and entering pass
code 21278549 followed by the pound sign. A live and archived audio Webcast of
the conference call will also be available on AutoCanada's website at

    About AutoCanada

    AutoCanada is Canada's only publicly traded entity with interests
exclusively in the operation of franchised automobile dealerships. Through its
54% interest in AutoCanada LP, it presently owns or manages 21 franchised
automobile dealerships in six provinces and has over 1,070 employees. Through
its owned and managed dealerships, it currently sells Chrysler, Dodge,
Jeep(R), Infiniti, Nissan, Hyundai, Subaru and Mitsubishi branded vehicles. In
2007, its owned and managed dealerships sold approximately 23,300 vehicles,
processed approximately 231,700 service and collision repair orders in
260 service bays, and generated revenue of approximately $835 million.
    Additional information about AutoCanada Income Fund is available at and the Fund's website at

For further information:

For further information: Tom Orysiuk, CA, Executive Vice-President and
Chief Financial Officer, Phone: (780) 732-3139, Email:

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