AutoCanada Income Fund Announces Regular Cash Distribution for June 2008

    EDMONTON, June 16 /CNW/ - AutoCanada Income Fund ("AutoCanada")
(TSX:ACQ.UN) announced today its regular cash distribution of $0.0833 per
trust unit for the month of June (equivalent to $1.00 per trust unit on an
annualized basis). This distribution will be paid on July 15, 2008 to
unitholders of record at the close of business of June 30, 2008.
    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 20 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), Nissan,
Infiniti, Hyundai, Subaru and Mitsubishi branded vehicles. In 2007, its owned
and managed dealerships sold approximately 23,300 vehicles, processed
approximately 23,700 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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