OFI Income Fund announces August 2007 Distribution

    OTTAWA, Aug. 9 /CNW/ - OFI Income Fund (OFB.un) announced today that the
Board of Trustees has approved a cash distribution for the month of August
2007 of $ 0.065 per Fund unit covering the period of August 1, 2007 to August
31, 2007, which will be paid on September 17, 2007 to unitholders of record at
the close of business on August 31, 2007. This is the new level of
distributions set in June by the Board of Trustees in light of softer market
conditions in the construction industry.

    About OFI Income Fund

    OFI income Fund is an unincorporated, open-ended trust established under
the laws of the Province of Ontario, created to indirectly acquire and hold
interest in the outstanding limited partnership units of OFI L.P. ("LP

    About OFI

    Since 1980, OFI has been manufacturing and distributing a broad range of
fibreglass insulation products including ceiling tiles designed for thermal
and acoustical applications. OFI products are destined for the residential as
well as non-residential/industrial markets in Canada, the US and overseas. OFI
manufactures under a low-cost operating structure and has been profitable for
the past 23 years.

For further information:

For further information: Catherine Skarzenski, Executive Vice-President
and Chief Financial Officer, Tel: (613) 247-7116, Fax: (613) 736-7281,

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