REIT INDEXPLUS INCOME FUND ANNOUNCES NORMAL COURSE ISSUER BID

TORONTO, May 16 /CNW/ - REIT INDEXPLUS Income Fund announced today its intention to make a normal course issuer bid for its units through the facilities of the Toronto Stock Exchange (the "TSX").  This normal course issuer bid will commence on May 18, 2011 and will terminate on May 17, 2012.  In accordance with the Declaration of Trust by which the Fund is governed, market purchases pursuant to its normal course issuer bid may be effected by the Fund.

The Fund had 14,600,000 units issued and outstanding as at May 12, 2011.  The Fund may, during the 12 month period commencing May 18, 2011 purchase on the TSX up to 1,456,950 units, being 10% of the public float of 14,569,500 units and may not, in any 30 day period, purchase more than 292,000 units, being 2% of the units issued and outstanding.  The Fund will cancel all units purchased pursuant to the bid.  Subject to receiving all necessary regulatory approvals, the Fund may, in lieu of canceling units acquired, hold the units in treasury for resale.  REIT INDEXPLUS Income Fund believes that its units represent good value for the Fund and purchases under the normal course issuer bid may serve to enhance returns to unitholders.

REIT INDEXPLUS Income Fund trades on the Toronto Stock Exchange under the symbol "IDR.UN".

SOURCE REIT INDEXPLUS Income Fund

For further information:

visit our website at www.middlefield.com or contact the undersigned:

Nancy Tham
Managing Director, Sales and Marketing
(416) 847-5349


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