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Cinram Sale on the Horizon?

Cinram International Income Fund announced that it has hired investment bank Moelis & Company to undertake a review of strategic alternatives.

Shares of the fund, which trades on the Toronto Stock Exchange (TSE), closed at 5 cents (CDN) on Thursday.

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Unedited press release follows:

Cinram International Income Fund Engages Financial Advisor

TORONTO, Sept. 29, 2011 – Cinram International Income Fund (TSX: CRW.UN) (together with its subsidiaries, “Cinram” or the “Fund”) announced today that it has retained Moelis & Company as its financial advisor to undertake a comprehensive and thorough review of the strategic alternatives for the Fund.

The Company cautioned that there can be no assurances the process to be undertaken by its financial advisor will result in any specific action or transaction. Cinram does not intend to disclose developments regarding its evaluation of strategic alternatives unless and until the Board of Trustees approves a transaction.

About Cinram
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is one of the world’s largest providers of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America through its wireless subsidiaries. The Fund’s units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at