Livingston International Income Fund announced a distribution of $0.15 per Unit, payable on April 30, 2002 to unitholders of record at the close of business on April 25, 2002. This will be the first distribution to be paid by the Fund and covers the 49-day period from February 11 to March 31, 2002 inclusive.

Unitholders 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, whether such distributions are in the form of cash or additional units.

Livingston International Income Fund is a trust that holds the securities of Livingston International Inc. which is Canada’s leading customs brokerage company and trade-related services provider, facilitating two-way trade between the United States and Canada. Based in Toronto, Ontario, the company has over 70 offices and approximately 1650 employees located at key border points and other strategic locations across Canada and the United States.