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DirectCash Income Fund CFO resigns

DirectCash Income Fund has announced that its CFO, Arie Prins has given his resignation as he has accepted another position as a CFO with a private company in Calgary, Canada.

Mr Prins’s resignation will take effect at the end of business on May 20, 2008. Mr Prins indicated that he will be available to assist in the transition to a new CFO, which the DirectCash Income Fund (Fund) expects to hire over the next few months.

Jeff Smith, president and CEO of DirectCash, said: Arie has been a valuable part of the DirectCash organization since 2004; we have enjoyed having Arie on our team and look forward to seeing his future successes.