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Exchange Industrial Income Fund announces increase to size of private placement offering

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^{Published in Business and Finance on Monday, June 8th 2009 at 17:47 GMT, Last Modified on 2009-06-08 17:47:58 by Market Wire}  

 WINNIPEG, June 8 /CNW/ - Exchange Industrial Income Fund (TSX:EIF.UN) (the Fund") announced today that it has determined to increase the size of its previously announced private placement offering (the "Offering") of investment units ("Units"), each comprised of one Class A trust unit of the Fund and one Class A trust unit purchase warrant. The Fund has determined to increase the maximum gross proceeds of the Offering from $5,000,000 to $8,000,000 (842,105 Units). All other terms of the Offering remain the same. The statements contained in this news release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. These uncertainties and risks include, but are not limited to, the dependence of the Fund on the operations and assets currently owned by it, the degree to which its subsidiaries are leveraged, the fact that cash distributions are not guaranteed and will fluctuate with the Fund's financial performance, dilution, restrictions on potential future growth, the risk of unitholder liability, competitive pressures (including price competition), changes in market activity, the cyclicality of the industries, seasonality of the businesses, poor weather conditions, and foreign currency fluctuations, legal proceedings, commodity prices and raw material exposure, dependence on key personnel, and environmental, health and safety and other regulatory requirements. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by the Fund with the securities regulatory authorities, available at [ www.sedar.com ]. The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release. 

For further information: Mike Pyle, CEO, Exchange Industrial Income Fund, 1067 Sherwin Road, Winnipeg, MB, R3H 0T8, Phone: (204) 982-1850, Fax: (204) 982-1855, E-mail: [ mpyle@eig.ca ]; Alice Dunning, Investor Relations, The Equicom Group Inc., (416) 815-0700 or 1-800-385-5451 ext. 255, [ adunning@equicomgroup.com ]