Western One Equity Income Fund Announces Cash Distribution for April 2008 

VANCOUVER, April 22 /PRNewswire-FirstCall/ -- WesternOne Equity Income Fund ("WesternOne Equity") (TSXV: WEQ.UN and WEQ.DB) today announced that its Board of Trustees has approved a cash distribution of $0.05 per trust unit for the period from April 1, 2008 to April 30, 2008 (equivalent to $0.60 per trust unit on an annualized basis). This distribution will be paid on May 15, 2008 to unitholders of record at the close of business on April 30, 2008.

   The policy of WesternOne Equity is to pay cash distributions on or about the 15th day of each month to unitholders of record on the last business day of the preceding month.