CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES APRIL DISTRIBUTION

Supplemental distribution declared for quarter ended March 31, 2004

TORONTO, April 20, 2004 - Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.11 per unit for the month of April 2004 payable on May 31, 2004 to unitholders of record at the close of business on April 30, 2004.

Chemtrade Logistics also announced that it has declared a supplemental distribution of $0.12 per unit for the quarter ended March 31, 2004, payable on April 30, 2004 to unitholders of record at the close of business on April 28, 2004.
Distributions for the first quarter of 2004, including those declared monthly and the supplemental distribution, total $0.45 per unit.

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, whether such distributions are in the form of cash or additional units.

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