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Press release from Marketwire

DirectCash Income Fund Announces Bought Deal Financing

Wednesday, August 25, 2010

DirectCash Income Fund Announces Bought Deal Financing08:16 EDT Wednesday, August 25, 2010CALGARY, ALBERTA--(Marketwire - Aug. 25, 2010) - NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESDirectCash Income Fund ("DirectCash" or the "Fund") (TSX:DCI.UN) is pleased to announce that it has entered into an agreement to sell, on a bought deal basis, to a syndicate of underwriters, 1,370,000 trust units (the "Trust Units") at $18.25 per Trust Unit for gross proceeds of approximately $25.0 million. The syndicate of underwriters will be led by BMO Capital Markets and will include Acumen Capital Finance Partners Limited (collectively, the "Underwriters"). The Trust Units will be offered by way of a short form prospectus in each of the provinces of Canada, excluding Quebec, and such other jurisdictions as DirectCash and the Underwriters may agree. The offering is expected to close on or about September 15, 2010 subject to certain conditions including, without limitation, the receipt of all necessary regulatory approvals including the approval of the Toronto Stock Exchange.The Fund intends to use the net proceeds of the offering to reduce outstanding indebtedness and for general corporate purposes.DirectCash's BusinessThe operating subsidiaries of the Fund (such subsidiary, limited partnerships, partnerships and corporations are collectively referred to as "DirectCash") are the largest branded ATM provider in Canada operating under the trade name DirectCash ATM. DirectCash is also one of the leading providers in Canada of branded non-financial institution debit terminals and prepaid debit and credit card products.Forward-looking StatementsThe information in this news release contains certain forward looking statements relating to the anticipated closing of the offering which involves substantial and unknown risks and uncertainties, certain of which are beyond DirectCash's control, including: the impact of general economic conditions, industry conditions, changes in laws and regulations including changes in tax laws and changes in how they are interpreted and enforced, fluctuations in interest rates, stock market volatility and obtaining required approvals of regulatory authorities. No assurances can be given that any of the events anticipated by the forward looking statements will transpire or occur or, if any of them do what benefits that DirectCash will derive from them. The closing of the offering could be delayed if DirectCash is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned. The offering will not be completed at all if these approvals are not obtained or some other condition to the closing of the offering is not satisfied. Accordingly, there is a risk that the proposed offering will not be completed within the anticipated time or at all. The intended use of the net proceeds of the offering by DirectCash might change if the Board of Directors of DirectCash Management Inc. determines that it would be in the best interests of DirectCash to deploy the proceeds for some other purpose.The securities offered will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Additional information about the Fund is available on SEDAR ( or the Fund's website at The officer who may be contacted for further information is: Jeffrey J. Smith, President & C.E.O. DirectCash Management Inc. Manager of DirectCash Income Fund Bay #6, 1420 - 28th Street N.E. Calgary, Alberta T2A 7W6 Direct Telephone: (403) 387-2101 Fax: (403) 451-2101 E-mail: FOR FURTHER INFORMATION PLEASE CONTACT: DirectCash Management Inc. Manager of DirectCash Income Fund Jeffrey J. Smith, President & C.E.O. (403) 387-2101 (403) 451-2101(FAX) The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.