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Spinrite Income Fund completes sale of substantially all of its assets

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Spinrite Income Fund

On November 16, 2007, Spinrite Income Fund announced the closing of the sale of substantially all of its assets to Spinrite Acquisition Corp., a company indirectly controlled by entities managed by Sentinel Capital Partners L.L.C. Spinrite Income Fund is the largest producer and manufacturer of craft yarn in Canada and one of the largest in the United States. The Special Committee of the Board of Trustees of Spinrite Income Fund was advised in this sale by William Orr, Georges Dubé and Aaron Atkinson of Fasken Martineau.



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