KCP Income Fund Distribution Announcement


    TORONTO, April 19 /CNW/ - KCP Income Fund ("the Fund") (TSX: KCP.UN), a
leading custom manufacturer of consumer products in laundry, household
cleaners, personal care, over the counter medicated, and pharmaceutical
categories, announced today its distribution of 8.75 cents per unit for the
month of April, 2007, payable on or before May 30, 2007 to unitholders of
record on April 30, 2007.
    The Fund's policy is for unitholders of record on the last business day
of a calendar month to receive distributions during the 30 days following the
end of such month. Holders of units who are non-residents of Canada will be
required to pay all withholding taxes payable in respect of any distributions
of income by the Fund. Any portion of this distribution that is determined to
be dividend income will be non-eligible dividends.
    The Fund also announced that the holders of KLP Exchangeable Units in KIK
Holdings Limited Partnership (a subsidiary of the Fund) shall receive 8.75
cents per unit for the month of April payable on or before May 30, 2007.

    About KCP Income Fund

    With 19 integrated manufacturing facilities strategically located
throughout North America, KCP (operating as KIK Custom Products) is one of
North America's largest custom manufacturers of consumer products. KCP's
product lines include Laundry, Household Cleaners, Personal Care, OTC
Medicated and Pharmaceutical, all supported by KCP's in-house technical
expertise and value-added services. KCP produces leading consumer products for
Fortune 500 companies including Albertsons, Colgate-Palmolive, Dial, Johnson &
Johnson, Kroger, Loblaws, L'Oreal, Procter & Gamble, Safeway, SC Johnson,
Sysco, Target, Unilever, Walgreens, and Wal-Mart.
    The Fund provides unitholders with monthly cash distributions. Trust
units are listed on the Toronto Stock Exchange under the symbol KCP.UN. There
are approximately 44.1 million units outstanding (approximately 49.3 million
units diluted).


    Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of KCP
Income Fund to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. When
used in this press release, such statements use such words as "may," "will,"
"expect," "anticipate," "project," "believe," "plan" and other similar
terminology. The risks and uncertainties are detailed from time to time in
reports filed by the Fund with the securities regulatory authorities in all of
the provinces and territories of Canada to which recipients of this press
release are referred for additional information concerning the Fund, its
prospects and the risks and uncertainties relating to the Fund and its
prospects. New risk factors may arise from time to time and it is not possible
for management to predict all of those risk factors or the extent to which any
factor or combination of factors may cause actual results, performance and
achievements of the Fund to be materially different from those contained in
forward-looking statements. Given these risks and uncertainties, investors
should not place undue reliance on forward-looking statements as a prediction
of actual results.
    The forward-looking information contained in this press release is
current only as of the date of this press release. There should not be an
expectation that such information will in all circumstances be updated,
supplemented or revised whether as a result of new information, changing
circumstances, future events or otherwise.

For further information:

For further information: please visit our website at www.kikcorp.com, or
contact Sharon Mohr, VP & Treasurer, Tel: (905) 660-2658, e-mail:

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