BOSTON, MA— December 18, 2008  — Falcon Investment Advisors LLC (“Falcon”) announced a structured preferred and common equity investment in support of Centre Partners’ (”Centre”) acquisition of Connors Bros. Income Fund through a take-private transaction.

Connors is one of North America's largest producers of canned seafood with major operations in Canada, the U.S. and the Caribbean. Connors' leading brands include the #1 canned albacore tuna product Bumble Bee®, Clover Leaf®, Brunswick®, Snow’s®, and Beach Cliff®, as well as a full line of canned chicken products in the U.S. under the Sweet Sue® brand name. In the face of unprecedented turmoil in the leveraged finance markets, Falcon provided Centre a creative and reliable financing solution in structuring a preferred equity instrument. Falcon also invested in the common equity alongside Centre and management.