General Donlee Income Fund Announces November 2009 Distribution

Toronto, Ontario, Dec 15, 2009 - General Donlee Income Fund (TSX: GDI.UN) 
announced today that it has declared a cash distribution of $0.090 per unit 
for the month of November 2009, payable on December 31, 2009 to Unitholders 
of record at the close of business on December 28, 2009. The ex-distribution 
date for the November distribution is December 22, 2009.

General Donlee Income Fund pays cash distributions to Unitholders near month 
end, for the prior month, with a record date, usually three business days 
earlier. Holders of units who are non-residents of Canada will be required to 
pay all withholding taxes payable in respect of any distributions of income by 
the Fund.

General Donlee Income Fund is a trust established to hold the securities of 
General Donlee Limited, which is a leading diversified manufacturer of 
precision-machined products for the military, commercial and general aerospace 
industries and also is a specialist in the manufacture of precision-machined 
products for the industrial products and power generation industries.

Certain forward-looking statements contained in this news release are based on 
information, currently available to management, but are subject to a number of 
uncertainties and risks that could cause actual results to differ materially 
from the results discussed in the forward-looking statements. These 
uncertainties and risks include, but are not limited to: dependence on 
commercial aircraft sales and defence procurement, power generation sales and 
sales to the industrial sector, production rates, timing of deliveries, 
dependence on key customers, dependence on third party suppliers and 
manufacturers, competition, product liability and warranty claims, 
environmental and other government regulation, quality certification 
requirements, hedging effects, interest and foreign exchange rates, leverage 
and restrictive debt covenants, pension performance, funding and expenses, 
continued availability of credit facilities, insurance availability and 
coverage, regulatory requirements, reliance on key personnel and our skilled 
workforce, changes in accounting policies, the ability to obtain orders and 
domestic and international economic conditions. Further information can be 
found in the disclosure documents filed by General Donlee Income Fund with the 
securities regulatory authorities, available at www.sedar.com. or through the 
Fund's website at www.generaldonlee.com.

For further information:
Gerald Thain
Chief Financial Officer,
tel: 416.743.4417
email: gthain@generaldonlee.com

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