Wajax posts better than expected Q2 results

Aug. 9, 2010 – Wajax Income Fund has announced a 24 percent increase in second quarter 2010 net earnings. The company has declared special distributions for August, September and October to be paid in addition to regular monthly distributions for these months.

Commenting on the second quarter results and the outlook for the year, Neil Manning, President and CEO, said "Second quarter consolidated earnings were better than expected. Stronger market demand for our products and services that began in March carried on through the second quarter."

Wajax is a diversified income fund that has three core distribution businesses engaged in the sale and after-sales parts and service support of mobile equipment, industrial components and power systems, through a network of more than 110 branches across Canada. Its customer base spans natural resources, construction, transportation, manufacturing, industrial processing and utilities.

For more information, please visit www.wajax.com .