MINT Income Fund - 2007 Distributions

    TORONTO, April 16 /CNW/ - Middlefield Group is pleased to announce that
distributions for the balance of 2007 will be payable to unitholders of MINT
Income Fund as follows:

                                                           Distribution Per
    Record Date              Payable Date                       Trust Unit
    April 30, 2007           May 4, 2007                          $0.10
    May 31, 2007             June 15, 2007                        $0.10
    June 30, 2007            July 13, 2007                        $0.10
    July 31, 2007            August 15, 2007                      $0.10
    August 31, 2007          September 14, 2007                   $0.10
    September 30, 2007       October 15, 2007                     $0.10
    October 31, 2007         November 15, 2007                    $0.10
    November 30, 2007        December 14, 2007                    $0.10
    December 31, 2007        January 15, 2008                     $0.10

    MATRIX Income Fund and MINT Income Fund will merge with MINT as the
continuing fund. The merger is expected to occur on or about May 24, 2007.
Subsequent to the merger monthly distributions for MINT will continue at the
current distribution amount of $0.10 per trust unit.

    The trust units trade on the Toronto Stock Exchange under the symbol

    Nancy Tham,
    Senior Vice President,
    (416) 847-5349

    April 16, 2007

    This press release contains forward-looking information. The
forward-looking information contained in this press release is based on
historical information concerning the distributions and dividends paid on the
securities of issuers historically included in the portfolio of MINT Income
Fund. Actual future results, including the amount of distributions paid by the
Fund, may differ from the monthly distribution amount. Specifically, the
income from which distributions are paid may vary significantly due to:
changes in portfolio composition; changes in distributions and dividends paid
by issuers of securities included in the Fund's portfolio from time to time;
there being no assurance that those issuers will pay distributions or
dividends on their securities; the declaration of distributions and dividends
by issuers of securities included in the portfolio will generally depend upon
various factors, including the financial condition of each issuer and general
economic and stock market conditions; and the uncertainty of realizing capital
gains. The risks, uncertainties and other factors that could influence actual
results are described in the Fund's prospectus dated May 30, 2006 and other
documents filed by the Fund with the Canadian securities regulatory
authorities. The forward-looking information contained in this press release
constitutes the Fund's current estimate, as of the date of this press release,
with respect to the matters covered hereby. Investors and others should not
assume that any forward-looking statement contained in this press release
represents the Fund's estimate as of any date other than the date of this
press release.

For further information:

For further information: please visit our website at
or contact: Nancy Tham, Senior Vice President, (416) 847-5349

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