BOUCHERVILLE, QUEBEC – July 20, 2005 – Colabor Income Fund (the “Fund”) announced today that the underwriters of the initial public offering of trust units (the “Units”) of the Fund exercised in full their over-allotment option to purchase 275,000 additional Units at a purchase price of $10.00 per Unit, for gross proceeds of $2,750,000. The proceeds were used by the Fund to indirectly purchase 275,000 Exchangeable LP Units of Colabor Limited Partnership from Colabor Investments Inc., which will now hold a 46.8% indirect ownership interest in the Fund.
