August 22, 2006
STOCK SYMBOL: GLH.UN

Great Lakes Hydro Income Fund Declares Cash Distribution for August 2006

GATINEAU, Quebec, August 22, 2006 (GLH.UN) - Great Lakes Hydro Income Fund today declared a cash distribution of 10.417 cents per unit for the month of August 2006, payable by September 29, 2006 to unitholders of record on August 31, 2006. The ex-distribution date is August 29, 2006.

The schedule below sets out Great Lakes Hydro Income Fund's cash distribution history for the last six months:

RECORD DATE PAYMENT DATE DISTRIBUTION PER UNIT
August 31, 2006 September 29, 2006 10.417 cents
July 31, 2006 August 31, 2006 10.33 cents
June 30, 2006 July 31, 2006 10.33 cents
May 31, 2006 June 30, 2006 10.33 cents
April 28, 2006 May 31, 2006 10.33 cents
March 31, 2006 April 28, 2006 10.33 cents

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About Great Lakes Hydro Income Fund

Great Lakes Hydro Income Fund is a premier Canadian income fund and one of the largest power income fund in North America with 1,015 megawatts of power generating capacity and an average annual production of 3,874 gigawatt hours.

Great Lakes Hydro Income Fund produces electricity exclusively from environmentally friendly hydroelectric resources. The Fund owns, operates and manages 26 high quality hydroelectric generating stations located on seven river systems in four distinct geographic regions across North America: Quebec, Ontario, British Columbia and New England.

Brookfield Power, which comprises the majority of the power operations of Brookfield Asset Management owns 50.1% of the Fund’s outstanding units. Great Lakes Hydro Income Fund units are listed for trading on the Toronto Stock Exchange under the symbol GLH.UN.



For further information:
Grace Pollock
Director, Corporate Communications and Investor Relations
819-561-8072, unitholderenquiries@greatlakeshydro.com