Davis + Henderson Income Fund Announces Increased Distribution for March 2007

TORONTO, Mar 16, 2007 (Canada NewsWire via COMTEX News Network) — Davis + Henderson Income Fund (TSX: DHF.UN) announced today a cash distribution of $0.132 per unit (equivalent to $1.58 on an annualized basis), for the month of March 2007. This is a 3.1% increase over the February distribution of $0.128 per unit (equivalent to $1.54 on an annualized basis). The March distribution is payable on April 30, 2007 to unitholders of record at the close of business on March 30, 2007.

Davis + Henderson Income Fund’s policy is to pay monthly distributions to unitholders of record on the last business day of each month.

Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.

Davis + Henderson and its predecessors have been serving the Canadian financial services industry since 1875. Through integrated service offerings, Davis + Henderson is a market leader in providing programs to customers who offer chequing account and lending services within Canada. Davis + Henderson Income Fund is listed on the Toronto Stock Exchange, symbol DHF.UN.

Further information can be found in the disclosure documents filed by Davis + Henderson Income Fund with the securities regulatory authorities, available at www.sedar.com.

%SEDAR: 00017092EF

SOURCE: Davis + Henderson Income Fund

Robert Cronin, Chief Executive Officer, Davis + Henderson, Limited Partnership, Tel: (416) 696-7700; Catherine Martin, Chief Financial Officer, Davis + Henderson, Limited Partnership, Tel: (416) 696-7700; Website: www.dhltd.com