Autocanada Income Fund Announces Regular Cash Distribution for December 2007

    EDMONTON, Dec. 17 /CNW/ - AutoCanada Income Fund ("AutoCanada")
(TSX:ACQ.UN) announced today its regular cash distribution of $0.0833 per
trust unit for the month of December (equivalent to $1.00 per trust unit on an
annualized basis). This distribution will be paid on January 15, 2008 to
unitholders of record at the close of business of December 31, 2007.
    The policy of AutoCanada is to pay cash distributions on or about
the 15th of each month to the unitholders of record on the last business day
of the preceding month.

    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 operates or manages 19 franchised automobile
dealerships in six provinces and has over 940 employees. It currently sells
various new vehicle brands, including Chrysler, Dodge, Jeep(R), Hyundai,
Mitsubishi, Subaru, and, through managed dealerships, Nissan. In 2006, its
franchised automobile dealerships sold approximately 19,350 vehicles and
processed approximately 215,000 service and collision repair orders in
245 service bays, generating revenue of approximately $694 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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