Newport Partners Income Fund Announces Sale of Indirect Interest in Capital C Communications LP

NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Newport Partners Income Fund ("NPF" or the "Fund")
(TSX:NPF.UN)(TSX:NPF.DB)(TSX:NPF.DB.A) is pleased to announce that its indirect
wholly-owned subsidiary, Newport Partners Holdings LP ("Newport"), has completed
the sale of all of Newport's indirect interest in Capital C Communications LP
("Capital C") to MDC Partners Inc. ("MDC") for a purchase price of CDN$27
million. Capital C includes two divisions, Capital C and Kenna, which provide
marketing and customer relationship and database management services to clients.


The net proceeds of the sale will be used by Newport to reduce outstanding
senior indebtedness.


About Newport Partners Income Fund

The Fund is an unincorporated open-ended trust created to hold, through its
investment in Newport Partners Commercial Trust, interests in Newport Private
Yield LP, a limited partnership established under the laws of the Province of
Ontario. NPF began trading on the TSX on August 8, 2005 under the symbol NPF.UN.
The Fund is a publicly-traded diversified fund that invests in successful
Canadian private businesses run by proven entrepreneurs at reasonable prices.
The Fund currently has $428 million invested in 13 companies representing a
diverse cross-section of the Canadian economy.


About MDC Partners Inc.

MDC is a progressive Marketing and Communications Network, championing the most
innovative entrepreneurial talent. MDC provides strategic solutions and services
multinational clients in North America, Europe and Latin America. MDC's
philosophy emphasizes the utilization of Strategy and Creativity to drive growth
and measurable impact. "MDC Partners is The Place Where Great Talent Lives." MDC
Partners' Class A shares are publicly traded on the NASDAQ under the symbol
"MDCA" and on the Toronto Stock Exchange under the symbol "MDZ.A".


Forward-Looking Statements

Certain information included in this news release may constitute forward-looking
information within the meaning of securities laws. In some cases,
forward-looking information can be identified by terminology such as "may",
"will", "should", "expect", "plan", "anticipate", "believe", "estimate",
"predict", "potential", "continue" or the negative of these terms or other
similar expressions concerning matters that are not historical facts. Without
limitation, information regarding the closing of the transaction and the
anticipated use of the net proceeds of the transaction constitute
forward-looking information. Such forward-looking information reflects
management's current beliefs and is based on information currently available to
management of the Fund and the businesses in which the Fund holds an ownership
interest (the "Operating Partnerships"). Forward-looking information involves
significant risks and uncertainties. A number of factors could cause actual
events or results to differ materially from the events and results discussed in
the forward-looking information, including risks related to the satisfaction of
all closing conditions to the transaction, the receipt of all required consents
and approvals and the abilities, actions, financial condition and circumstances
of other parties to the transaction, such as the purchaser. These factors should
not be considered exhaustive. In addition, in evaluating this information,
investors should specifically consider various factors, including the risks
outlined in the Fund's public disclosure documents filed on SEDAR at
www.sedar.com, which may cause actual events or results to differ materially
from any forward-looking statement. In formulating forward-looking information
herein, management has assumed that business and economic conditions affecting
the Fund and the Operating Partnerships and the other parties to the transaction
will continue substantially in the ordinary course, including without
limitation, with respect to general levels of economic activity. Although the
forward-looking information is based on what management of the Fund and the
Operating Partnerships consider to be reasonable assumptions based on
information currently available to it, there can be no assurance that actual
events or results will be consistent with this forward-looking information, and
management's assumptions may prove to be incorrect. This forward- looking
information is made as of the date of this news release, and the Fund does not
assume any obligation to update or revise them to reflect new events or
circumstances. Undue reliance should not be placed on forward-looking
information. The Fund is providing the forward-looking financial information for
the purpose of providing investors with some context for the information
presented herein. Readers are cautioned that this information may not be
appropriate for any other purpose.