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Press release from Marketwire

Phoenix Technology Income Fund Confirms Cash Distribution for December 15, 2010

Monday, November 15, 2010

Phoenix Technology Income Fund Confirms Cash Distribution for December 15, 201008:00 EST Monday, November 15, 2010CALGARY, ALBERTA--(Marketwire - Nov. 15, 2010) - Phoenix Technology Income Fund (TSX:PHX.UN) ("Phoenix") confirms that the monthly cash distribution for the month of November in the amount of $0.04 per trust unit, will be paid on December 15, 2010 to unitholders of record on November 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, the United States, Peru, Russia and Albania. Phoenix's trust units are listed on the Toronto Stock Exchange under the symbol "PHX.UN".FOR FURTHER INFORMATION PLEASE CONTACT: John HooksPhoenix Technology Income FundPresident and Chief Executive Officer(403) 543-4466ORCameron RitchiePhoenix Technology Income FundChief Financial Officer(403) 543-4466www.phxtech.comThe Toronto Stock Exchange has neither approved nor disapproved the information contained herein.