Tree Island Announces Filing of Final Prospectus For Rights Offering

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 18, 2009) –

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Tree Island Wire Income Fund (“Tree Island” or the “Fund”) (TSX:TIL.UN) announced that it has received a receipt dated December 17, 2009, for a final short form prospectus (the “Prospectus”) filed with the securities regulatory authorities in each of the Provinces of Canada (the “Eligible Jurisdictions”), relating to its previously announced offering (the “Offering”) of rights to unitholders of the Fund. The Fund is seeking to raise up to $10 million in gross proceeds from the Offering.