Yellow Media Inc.

Yellow Pages Income Fund Announces May 2006 Distribution

Print Version

Montreal (Quebec), May 9, 2006 – Yellow Pages Income Fund (TSX: YLO.UN) announced today that its monthly cash distribution of $0.08583 per Fund unit will be paid on June 15, 2006 to unitholders of record at the close of business on May 31, 2006.

This cash distribution covers the period from May 1, 2006 to May 31, 2006.

About Yellow Pages Income Fund
Yellow Pages Income Fund is an unincorporated, open-ended, limited purpose trust established to invest in Yellow Pages Group. The Fund indirectly holds an approximate 96% ownership interest in Yellow Pages Group.

About Yellow Pages Group
Yellow Pages Group is Canada's largest telephone directories publisher. Yellow Pages Group publishes annually more than 330 Yellow Pages™ directories and alphabetical pages. The Company owns and manages Canada's most visited online directories YellowPages.ca™, Canada411.ca, as well as the CanadaPlus.ca, a network of seven local city sites. In addition, Yellow Pages Group is a leader in print and online vertical media in Ontario through Trader Media Corporation (TMC). TMC is an affiliate of Yellow Pages Group. For more information about the Company, visit www.ypg.com.

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