Coloured Ties Capital IncTSXV: TIE

Sun Gro Horticulture Income Fund announces November 2006 distribution

· Issued by Coloured Ties Capital Inc via CNW
VANCOUVER, BC, Nov. 15 /CNW/ - Sun Gro Horticulture Income Fund (the
"Fund") (TSX: GRO.UN) announced today a cash distribution of $0.0750 per unit
for the November distribution period. The distribution will be made to
unitholders of record at the close of business on November 30, 2006 and will
be payable on or before December 15, 2006.
Based on distributions declared to date, the Fund's annualized cash
distribution rate for 2006 is $0.90. Holders of units who are non-residents of
Canada will be subject to withholding taxes in respect of any distributions of
income by the Fund.

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.