Newport Partners Income Fund Announces August 2008 Distribution

TORONTO, ONTARIO–(EMWNews – Aug. 20, 2008) –

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Newport Partners Income Fund (“NPF”) (TSX:NPF.UN) announced today that a cash distribution in the amount of $0.0542 per Unit, covering the period from August 1 to August 31, 2008, will be paid on September 15, 2008 to Unitholders of record at the close of business on August 29, 2008. NPF’s current annual distribution is $0.65 per Unit.

About Newport Partners Income Fund

Newport Partners Income Fund is an unincorporated, open-ended trust created to hold, through its investment in Newport Partners Commercial Trust, interests in Newport Private Yield LP, a limited partnership established under the laws of the Province of Ontario. NPF began trading on the TSX on August 8, 2005 under the symbol NPF.UN.

Newport Partners Income Fund is a publicly-traded diversified fund that invests in well-established, successful Canadian private companies. We target above-average rates of return by putting our money to work behind talented entrepreneurs who have a record of success in their business and a growth opportunity for the future. Our unit holders share in the income generated by these businesses as well as their value appreciation. The Fund currently has approximately $592 million invested in 18 companies representing a diverse cross-section of the Canadian economy.