Benvest New Look Income Fund Announces Monthly Distribution for November 2009

Benvest New Look Income Fund (TSX:BCI.UN) (the "Fund") today announced that a cash distribution of $0.0542 per unit has been declared for the period of November 1st through November 30th, 2009. The distribution will be paid on December 18th, 2009 to unitholders of record at the close of business on November 30th, 2009. The distribution of $0.0542 per unit includes for tax purposes a portion of $0.02 as "dividend other than eligible dividend", the difference being "other income".

The Fund's operating subsidiary, New Look Eyewear Inc., has also declared a dividend for November 2009 on its exchangeable shares of $0.0428 per exchangeable share, payable on December 18th, 2009 to the holders of exchangeable shares of record as at the close of business on November 30th, 2009. For tax purposes, the dividend is a "dividend other than eligible dividend". The exchangeable shares, which are not freely tradable, have been exchangeable on a one-for-one basis into units of the Fund since May 1st, 2006.

On May 1, 2005, Benvest Capital Inc. was converted into an income trust named the Benvest New Look Income Fund, the purpose of which is to hold securities of New Look Eyewear Inc. This subsidiary is a leading enterprise in the eye care industry in Eastern Canada, with growth opportunities based on demographic trends and the consolidation of the industry in Canada. As of October 31st, 2009, 6,139,328 units of the Fund were issued and outstanding. In addition, 3,870,404 exchangeable shares (on a consolidated basis) of the subsidiary were also issued and outstanding.

This press release may contain certain forward-looking statements that reflect the current views and / or expectations of Benvest New Look Income Fund with respect to its performance, business, and future events. Such statements are subject to a number of risks, uncertainties, and assumptions. Actual results and events may vary. The statements contained in this release are not to be construed as tax advice and holders of units and exchangeable shares should seek their own independent tax advice.

SOURCE: Benvest New Look Income Fund

Benvest New Look Income Fund
Lise Melanson
514-877-4299, ext. 2234.

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