Lawrence Income and Growth Fund Declares Monthly Distribution

TORONTO , Oct. 21 /CNW/ - The Manager of Lawrence Income and Growth Fund ("LIGF") (formerly Lawrence Payout Ratio Trust) today announced the Fund's distribution to holders of Lawrence Income and Growth Fund Series X Units (LAW480) and Series A Units (LAW400/LAW420) and Series F Units (LAW450). The monthly distribution of $0.0583 per Series X unit and $0.04 per Series A and $0.04 per Series F units will be payable on or before November 13, 2009 to holders of record as of October 30, 2009 .

Lawrence Income and Growth Fund is an actively managed portfolio of Canadian income funds, convertible bonds, debentures, high yield debt instruments and listed equity securities. LIGF units are RRSP eligible. LIGF is managed by Lawrence Asset Management Inc.

    
    Distribution Details

    Distribution per LAW480:                         $0.0583
    Distribution per LAW400/LAW420/LAW450:           $0.0400
    Ex-Dividend Date:                                October 28, 2009
    Record Date:                                     October 30, 2009
    Payment Date:                                    November 13, 2009
    

%SEDAR: 00025932E

For further information: Investor Relations, Catherine Stretch, [phone], [email protected], www.lawrenceasset.com