BURLINGTON, ONTARIO–(EMWNews – July 21, 2008) – International Financial Income and Growth Trust (TSX:FIT.UN) (the “Fund”) today announced that a monthly cash distribution in the amount of $0.05833 per unit of the Fund will be paid on August 15, 2008 to unitholders of record as of July 31, 2008.

A unitholder that has continually held units since inception will have received a total of $2.83 per unit as of payment date.