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Gold Participation and Income Fund announces results of warrant exercise

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^{Published in Stocks and Investing on Wednesday, August 11th 2010 at 14:26 GMT by Market Wire}  

TORONTO, Aug. 11 /CNW/ - (TSX: GPF.UN) - Gold Participation and Income Fund is pleased to announce the issuance of units upon the exercise of the warrants issued under its initial public offering. The fund raised gross proceeds of over $10.6 million pursuant to the exercise of the warrants.

The net proceeds from the exercise of the warrants will provide the fund with additional capital that can be used to take advantage of attractive investment opportunities in the gold sector. The completion of the offering is also expected to increase the trading liquidity of the units and reduce the ongoing management expense ratio of the fund.

A fund may pay investment management fees, service fees, management fees and other expenses. For further information, please refer to the fund's publicly-filed documents, which are available on SEDAR at [ www.sedar.com ]. The securities of investment funds are not guaranteed, their values change frequently and their past performance may not be repeated.