STRATA Income Fund - Third Quarter 2008 Distributions

    TORONTO, July 15 /CNW/ - Middlefield Group is pleased to announce that
distributions and interest payments for the third quarter of 2008 will be
payable to unitholders and securityholders, respectively of STRATA Income Fund
as follows:

    Record Date           Payable Date         Amount
    July 31, 2008         August 15, 2008      $0.07 per capital unit
    August 31, 2008       September 15, 2008   $0.07 per capital unit
    September 30, 2008    October 15, 2008     $0.07 per capital unit
    September 30, 2008    October 15, 2008     $0.15 per preferred security

    The capital units and the preferred securities trade on the Toronto Stock
Exchange under the symbols STW.UN and STW.PR.A, respectively.

    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 COMPASS Income
Fund, STRATA's sole investment. 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 of COMPASS Income Fund;
changes in distributions and dividends paid by issuers of securities included
in the COMPASS 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; the level of borrowing by the Fund; and the uncertainty of
realizing capital gains. The risks, uncertainties and other factors that could
influence actual results are described under "Risk Factors" in the Fund's
prospectus dated January 29, 2004 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 the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349

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