IBI Group Management Partnership Acquires 47,050 Trust Units of IBI Income Fund



    TORONTO, Aug. 18 /CNW/ - IBI Group Management Partnership (the
"Management Partnership"), 230 Richmond Street West, 5th Floor, Toronto,
Ontario, M5V 1V6, announced today that it has acquired ownership of 47,050
trust units ("Units") of IBI Income Fund.
    Prior to the acquisition, the Management Partnership owned 2,280,746
Units, representing 21.4% of the outstanding Units (46.6% on a fully-diluted
basis).
    Following the acquisition of Units, the Management Partnership owns
2,327,796 Units, representing 21.9% of the outstanding Units (46.9% on a
fully-diluted basis).
    The Units were acquired on the Toronto Stock Exchange at a cost of $21.00
per unit.
    The acquisition by the Management Partnership was made for investment
purposes.




For further information:

For further information: Allan J. Kamerman, 230 Richmond Street West,
5th Floor, Toronto, ON, M5V 1V6, Tel: (416) 596-1930

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IBI GROUP MANAGEMENT PARTNERSHIP

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