TMX group

TORONTO, Feb. 16 /CNW/ - (TSX: CMZ.UN) - A special meeting of unitholders
of COMPASS Income Fund was held today to vote on certain amendments to the
Fund's declaration of trust. At the meeting, unitholders voted to approve a
special resolution authorizing the board of directors of the manager of the
Fund to merge or otherwise combine or consolidate the Fund with one or more
other funds, provided that certain specified criteria for a fund merger are
satisfied, all as more particularly set out in the Joint Information Circular
dated January 9, 2006 which was delivered to unitholders in January 2006.
Unitholders also approved a special resolution approving certain amendments to
the Fund's declaration of trust intended to allow for more efficient
management of the Fund, reduce administrative costs and bring the Fund into
alignment with current regulatory and industry practices.
For additional information regarding the Fund, please contact Darren
Cabral at (416) 847-5353 or the undersigned at (416) 847-5346.

W. Garth Jestley
Managing Director