Exchange Industrial Income Fund announces closing of the acquisition of Stainless Fabrication, Incorporated of Springfield, Missouri

    WINNIPEG, Jan. 2 /CNW/ - Exchange Industrial Income Fund ("EIIF") (TSX
Venture: EIF.UN) announced today that it has completed the acquisition of
Stainless Fabrication, Incorporated ("SFI") which was previously announced on
November 29, 2007.
    The purchase price of approximately $22 million US was funded with the
proceeds of the Fund's trust unit offering completed on December 20, 2007, the
issuance of 202,860 units of the Fund to the vendors of SFI at an issue price
of approximately $10.72 CAD as well as funds drawn on EIIF's revolving credit
    Additional information relating to EIIF, including all public filings is
available on SEDAR (
    Visit us at

    The TSX Venture Exchange has not reviewed or approved the contents of
    this press release and does not accept responsibility for the adequacy or
    the accuracy of this press release.

For further information:

For further information: Mike Pyle, President and CEO, Exchange
Industrial Income Fund, 1067 Sherwin Road, Winnipeg, MB, R3H 0T8, Phone (204)
982-1850, Fax (204) 982-1855, Email:

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