Middlefield Income Funds to hold Unitholder meetings to vote on proposed declaration of trust amendments

    TORONTO, June 16 /CNW/ - Middlefield Fund Management Limited, the manager
of MINT Income Fund (TSX: MID.UN), COMPASS Income Fund (TSX: CMZ.UN),
Income Fund (TSX: STZ.UN), ACTIVEnergy Income Fund (TSX: AEU.UN) and Uranium
Focused Energy Fund (TSX: UF.UN) (each a "Fund" and collectively the "Funds"),
announces that a special meeting of Unitholders of each of the foregoing Funds
will be held on or about August 12, 2009, commencing at 10:00 a.m. (Toronto
time) at the offices of Fasken Martineau DuMoulin LLP, Suite 3600, Toronto
Dominion Bank Tower, 66 Wellington Street West, Toronto, Ontario, M5K 1N6.
    In anticipation of a continued reduction in the number of issuers within
the income trust universe resulting from their conversion into corporations,
Unitholders of each Fund will be asked to consider broadening the existing
ability of the Funds, where not already provided for, to invest in high income
producing securities other than income trusts. Such securities would include
common equities, preferred shares, convertible debt securities and corporate
and government fixed income securities. This amendment would conform to recent
amendments made by other funds originally created to focus on the income trust
sector and would benefit Unitholders by enhancing the ability of the Funds to
meet their objectives of paying attractive regular distributions and
preserving capital while offering the potential for growth. Unitholders of
each Fund also will be asked to consider certain updating amendments to the
declaration of trust of each Fund at the meetings.
    Details regarding the proposed amendments to the declaration of trusts
will be contained in a Joint Information Circular which is expected to be
mailed to Unitholders in July 2009. The record date for the special meetings
is expected to be July 13, 2009. After considering the Joint Information
Circular and related meeting materials, Unitholders of each Fund are
encouraged to complete and return their proxy forms in order that their units
can be voted at the applicable Fund meetings. The board of directors of the
manager of each Fund has determined that the approval of each of these
amendments is in the best interests of each Fund and, accordingly, recommends
that Unitholders vote in favour of each of the resolutions approving such

    Certain statements in this press release may be viewed as forward-looking
statements. Any statements that express or involve discussions with respect to
expectations, beliefs, plans, intentions, projections, objectives, assumptions
or future events are not statements of historical fact and may be
forward-looking statements. Statements which may constitute forward-looking
statements relate to: the proposed timing of the special meeting, the mailing
of the Joint Information Circular and the record date for the special meeting;
the nature of the proposed amendments; and expected benefits of the proposed
amendments. Forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from those
reflected in the forward-looking statements including as a result of changes
in the general economic and political environment, changes in applicable
legislation, and the performance of each Fund. Such forward-looking statements
are only predictions; actual events or results may differ materially and the
Funds do not undertake any obligation to update such statements.

For further information:

For further information: on each of the Funds, please visit our website
at www.middlefield.com or contact your financial advisor or the undersigned:
Nancy Tham, Senior Vice President, (416) 847-5349

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ACTIVEnergy Income Fund

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COMPASS Income Fund

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