Exchange Industrial Income Fund announces final terms for previously announced private placement financing


    WINNIPEG, Jan. 31 /CNW/ - Exchange Industrial Income Fund ("EIIF" or the
"Fund") (TSX Venture: EIF.UN) announced today that it has set the terms for
its previously announced private placement ("the Offering"). The Offering was
first announced on January 11, 2007.
    EIIF will offer for sale 1,200,000 units at a price of $12.50 per unit,
for gross proceeds of $15,000,000. The Offering is comprised of a syndicate of
agents co-lead by Desjardins Securities Inc. and Wellington West Capital Inc.
and includes CIBC World Markets Inc. (the "Agents"). Units sold pursuant to
the Offering may not be resold for a period of four months and a day from the
closing of the Offering pursuant to the requirements of the TSX Venture
Exchange and applicable securities laws.
    The net proceeds of the Offering will be used to fund acquisitions and
for working capital.
    Completion of the Offering is expected to occur on or about February 15,
2007, and is subject to the satisfaction of certain customary conditions
including approval of the TSX Venture Exchange.
    These securities have not been registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United States
unless registered under the Act or unless an exemption from registration is
available. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.
    Additional information relating to the Fund, including all public
filings, is available on SEDAR (

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

For further information:

For further information: on EIIF, visit or contact: Mike
Pyle, President and CEO, Exchange Industrial Income Fund, 509-167 Lombard
Avenue, Winnipeg, MB R3B OV3, Phone: (204) 982-1850, Fax: (240) 982-1855,

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