Colabor Income Fund announces the filing of a final prospectus in connection with its ipo

BOUCHERVILLE, QUEBEC – June 20, 2005 – Colabor Income Fund (the “Fund”) is pleased to announce that it has filed a final prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with its initial public offering of 5,500,000 units at a price of $10 per unit for total gross proceeds of $55,000,000. Based on the offering size and price, the units are expected to produce an initial annual yield of 10.25 per cent through the payment of monthly distributions. The Fund also granted to the underwriters of the offering an over-allotment option, exercisable within 30 days of closing, to acquire an additional 275,000 units.

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