George Armoyan announces increased investment in TerraVest Income Fund

    TORONTO, Aug. 20 /CNW/ - Mr. George Armoyan announces that on August 20,
2009, he acquired 900 units of TerraVest Income Fund ("TerraVest"),
representing approximately 0.005% of the total outstanding units, and
approximately 0.005% of the voting rights attached to all issued and
outstanding securities of TerraVest.
    The TerraVest units held by Mr. Armoyan and Clarke Inc. ("Clarke"), of
which Mr. Armoyan is the Executive Chairman, together total 3,432,000 units,
representing approximately 17.49% of the total outstanding units, and
approximately 17.49% of the voting rights attached to all issued and
outstanding securities of TerraVest.
    The purchase of the TerraVest units by Mr. Armoyan was made through the
facilities of the Toronto Stock Exchange for investment purposes. Mr. Armoyan
may, from time to time, acquire additional units of TerraVest, dispose of some
or all of the existing or additional units of TerraVest, or continue to hold
the units of TerraVest in the normal course of his investment activities.
    Mr. Armoyan is not a joint actor with Clarke and the issuance of this
news release is not an admission that Mr. Armoyan is a joint actor with any
other entity. Mr. Armoyan is issuing this news release as Mr. Armoyan is
Executive Chairman of Clarke which owns approximately 14.87% of the total
outstanding units of TerraVest.

For further information: Mr. Garen Mikirditsian, TD Canada Trust Tower, [phone], Fax: [phone]