Construction/Building — April 15, 2009

Vicwest Income Fund Combines its Agricultural Storage and Liquid Storage Operating Units Forming Westeel Storage Solutions

    Toronto Stock Exchange: VIC.UN

    OAKVILLE, ON, April 15, 2009 /CNW/ - Vicwest Income Fund ( the "Fund")
(TSX: VIC.UN) announced today that, effective immediately, its Westeel
Agricultural Storage and Westeel Liquid Storage operating units have been
combined into one business unit to be known as Westeel Storage Solutions
("Westeel"). The new structure will provide enhanced comprehensive storage
solutions to customers and increase the ability of the Fund to drive the
growth of these businesses.
    This combination will promote operational efficiency while enabling
Westeel to deliver a higher level of service to its customers. Under the
Westeel umbrella, the Fund will build on the already significant synergies
that flow from these operations by further leveraging the skill sets of
employees and the assets in place across the five production locations. The
new streamlined structure will also enhance and accelerate marketing, product
development, and lean and flexible manufacturing initiatives already underway.
    "With the introduction of Westeel Storage Solutions, the Fund has
significantly enhanced the organization of its agricultural storage and liquid
storage businesses, making them more efficient and effective." said Colin
Osborne, President and Chief Executive Officer. "Through this reorganization,
the Fund is better positioned to adapt quickly to changing market conditions,
leverage its competitive strengths and growth initiatives, and deliver
innovative, comprehensive storage solutions to our customers.

    About Vicwest Income Fund

    The Fund is one of Canada's leading manufacturers and distributors of
building construction products, and steel containment products for
agricultural grain, fertilizer and liquid storage. Headquartered in Oakville,
Ontario, the Vicwest Building Products division fabricates and markets metal
roofing, siding and other metal building products under the Vicwest, Mercury
Metals, Valley Truss & Metal and RCA Metal trade names. Through the Westeel
Storage Solutions division, headquartered in Winnipeg, Manitoba, the Fund
manufactures storage solutions for agricultural grain and fertilizer, as well
as liquid storage tanks and accessories. These products are manufactured and
distributed under the trade names Westeel, Northern Steel Industries and NSI.
The Fund has 16 manufacturing facilities strategically located across Canada
with more than 1,000 dedicated employees committed to providing superior
quality products and delivering excellent service to customers in domestic and
international markets.

    Forward Looking Statements

    This press release contains forward-looking information within the
meaning of applicable securities laws. Forward-looking information is subject
to certain factors, including risks and uncertainties, that could cause actual
results to differ materially from what the Fund currently expects and there
can be no assurance that such statements will prove to be accurate.
Accordingly, readers should not place undue reliance on forward-looking
statements.
    Further information can be found in the disclosure documents filed by
Vicwest Income Fund with the securities regulatory authorities, available at
www.sedar.com and on the Fund's website www.vicwestfund.com.

For further information: Colin Osborne, President & Chief Executive
Officer, Vicwest Income Fund, Tel: (905) 469-5700, Fax: (905) 825-1090; John
Slattery, Executive VP & Chief Financial Officer, Vicwest Income Fund, Tel:
(905) 469-5706, Fax: (905) 825-1090

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