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Press release from Marketwire

Phoenix Technology Income Fund Confirms Cash Distribution for May 14, 2010

Thursday, April 15, 2010

Phoenix Technology Income Fund Confirms Cash Distribution for May 14, 201008:01 EDT Thursday, April 15, 2010CALGARY, ALBERTA--(Marketwire - April 15, 2010) - Phoenix Technology Income Fund ("Phoenix") (TSX:PHX.UN) confirms that the monthly cash distribution for the month of April in the amount of $0.04 per trust unit, will be paid on May 14, 2010 to unitholders of record on April 30, 2010.About Phoenix Technology Income FundPhoenix Technology Income Fund provides horizontal and directional drilling services to oil and natural gas exploration and development companies in Canada and the United States. Phoenix's trust units are listed on the Toronto Stock Exchange under the symbol "PHX.UN".FOR FURTHER INFORMATION PLEASE CONTACT: Phoenix Technology Income Fund John Hooks President and Chief Executive Officer (403) 543-4466 or Phoenix Technology Income Fund Cameron Ritchie Chief Financial Officer (403) 543-4466 www.phoenixcan.com The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.