DesRosiers Appointed to Auto Canada Income Fund Board

AutoCanada Income Fund, Canada’s only publicly traded franchised automobile dealership business, announced yesterday that Dennis DesRosiers will be appointed to the Board of Trustees of the fund.
Mr. DesRosiers is widely regarded as one of the foremost experts in the North American automotive industry.
Since founding his consulting practice,
DesRosiers Automotive Consultants, in 1985, he has worked with the executives of the leading manufacturers and automotive supply chain companies as well as financial institutions and policy makers in government.
“We are very pleased to be able to add the leading authority in the business to our Board of Trustees,” said Gordon Barefoot, Chairman of
AutoCanada Income Fund.
“Dennis DesRosiers is well-known and respected
throughout our industry. We expect to leverage his insight and depth of knowledge as the fund continues to create value for unitholders.”
To bring Mr. DesRosiers’ expertise to AutoCanada, the current Board members have exercised their authority to increase the number of Trustees on the Board from three to four.
Mr. DesRosiers will join the Board immediately
following the fund’s Annual General Meeting on May 9, 2007, subject to confirmation of the appointment by the Trustees elected at the meeting.
Mr. DesRosiers was not available to join the Board in time for his nomination to be included in the materials sent to unitholders in anticipation of this year’s meeting, but it is expected he would stand for election by AutoCanada unitholders at the next annual meeting.
“AutoCanada is an innovative force in Canada’s automotive business.
“I welcome the opportunity to join its Trustees and to represent the interests of its unitholders,” Mr. DesRosiers said.
In addition to serving as a Trustee of AutoCanada Income Fund, Mr. DesRosiers has been a member of the Board of Governors of The University of Windsor since 2000.
He is also Chair of the Automotive Advisory Committee at Humber College and was recently elected to the Board of the Grand Theatre
in London, Ontario.