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Equicapita Income Trust Acquires Levy’s Machine Works

FOR IMMEDIATE RELEASE, ATTENTION INVESTMENT EDITORS – May 26th, 2014 - Calgary

Equicapita Income Trust (“Equicapita”, the “Fund”) is pleased to announce the acquisition of 100% of the shares of Levy’s Machine Works (“Levy’s”) by an affiliate of the Fund. Based in Calgary, Alberta Levy’s is a custom design and speciality manufacturing company. Founded in 1980, Levy’s has been servicing a diverse customer base in the energy, electronics, medical, agriculture, aviation and instrumentation sectors for over 30 years. Its tradition of strong customer service has led to lasting relationships, stable revenue and a very predictable earnings stream, making Levy’s an ideal fit with the Equicapita business model.

Stephen Johnston, one of the co-founders of Equicapita stated “We are very pleased with the Levy’s acquisition and particularly pleased that the Levy’s shareholders have shown their support and belief in the EquiCapita model by taking a significant portion of the deal consideration as Preferred Trust Units in the fund.”

The Levy’s transaction closed on May 7th, 2014 - Equicapita retained Ernst & Young and Burstall Winger Zammit as advisors. Ernst & Young provided accounting and financial due diligence support and Burstall provided legal due diligence and structuring support.

Equicapita is a private equity buyout fund based in Calgary, Alberta. The fund is focused on acquiring private, western Canadian businesses with enterprise values ranging from $5 million to $20 million. The fund is an RRSP eligible investment vehicle that streams the cash flow from private operating companies to its investors on a priority basis.

This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate," "expect," "may," "should" "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by Equicapita, if any, reflect Equicapita's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Factors which could cause actual results or events to differ materially from current expectations include, among other things: risks associated with the ownership and operation of businesses, including fluctuations in interest rates; general economic conditions; supply and demand for businesses; competition for available businesses; changes in legislation and the regulatory environment; and international trade and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. Equicapita undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.