Cinram International Income Fund (CRWFF) 6-K Current report (foreign)

News release via Canada NewsWire, Toronto 416-863-9350

    Attention Business Editors:
    Cinram International Income Fund Extends Small Unitholder Program

    TORONTO, Feb. 22 /CNW/ - Cinram International Income Fund (the "Fund")
(TSX: CRW.UN) today announced an extension to the small unitholder selling
program (the "Program") that enables registered and beneficial unitholders who
owned 99 or fewer units of the Fund as of December 20, 2006, to sell their
units without incurring any brokerage commission. The Program's aim is to
reduce unitholder servicing and other related costs. Cinram has retained
Georgeson Shareholder Communications Canada Inc. ("Georgeson") to manage the
Program and to handle transactions and payment. The sale of units will be
executed through the Toronto Stock Exchange.
    The voluntary Program which initially began on December 22, 2006, has
been extended and will expire at 5 p.m. ET on March 22, 2007. The Program is
designed to assist eligible registered holders (and beneficial holders of
units held in nominee form) in selling their units without incurring any
brokerage commissions. Payment for units sold under the Program will be mailed
approximately five business days after the sale. More information about the
Program, including participation documents, will be forwarded to eligible
unitholders in the coming weeks.
    All units received through the Program will be gathered into board lots
(100 or more units) and sold no later than 12 p.m. on the next business day on
the TSX. The price of the units will be set at the average price received for
all units sold on a given day. For the convenience of unitholders who are
residents of the United States, the proceeds will be converted into U.S. funds
at the prevailing conversion rate at the time of sale.
    Cinram is pleased to make this voluntary Program available to its
unitholders; however, the Fund makes no recommendation as to whether eligible
unitholders should participate in the Program. The decision to participate
should be based upon the unitholders' particular circumstances. Eligible
unitholders may wish to obtain advice from their financial advisor prior to
participating.
    For questions about the Program, please contact Georgeson Shareholder
Communications Canada Inc. toll-free at 1-866-568-7418 or collect at (416)
847-7147 outside of North America.

    About Cinram
    Cinram International Inc., an indirect wholly-owned subsidiary of the
Fund, is the world's largest provider 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, VHS
video cassettes, audio CDs, audio cassettes and CD-ROMs for motion picture
studios, music labels, publishers and computer software companies around the
world. The Fund's units are listed on the Toronto Stock Exchange under the
symbol CRW.UN and are included in the S&P/TSX Composite Index. For more
information, visit our website at www.cinram.com.

    %CIK: 0000908262

    /For further information: Lyne Beauregard Fisher, Cinram International,
Tel: (416) 321-7930, lynefisher(at)cinram.com; Aidan Kelly, Georgeson Shareholder
Communications Canada, Tel: (416) 862-8088, aidan.kelly(at)georgeson.com/
    (CRW.UN.)

CO:  Cinram International Income Fund

CNW 09:36e 22-FEB-07