Coloured Ties Capital IncTSXV: TIE

Sun Gro Horticulture Income Fund announces August 2006 distribution

· Issued by Coloured Ties Capital Inc via CNW
VANCOUVER, Aug. 15 /CNW/ - Sun Gro Horticulture Income Fund (TSX: GRO.UN)
announced today a cash distribution of $0.0750 per unit for the August
distribution period. The distribution will be made to unitholders of record at
the close of business on August 31, 2006 and will be payable on or before
September 15, 2006.

Sun Gro Horticulture Income Fund is a limited purpose trust established
on February 12, 2002 to hold the securities of Sun Gro Horticulture Canada
Ltd. Sun Gro Horticulture Canada Ltd. is the largest producer of peat in North
America and the largest distributor of peat moss and peat-based growing media
to North American professional plant growers.