TORONTO, July 3 /CNW/ - IBI Income Fund (the "Fund") (TSX:IBG.UN)
announced today that the acquisition from Ingenium Group Inc of the Giffels
Professional Engineering practices has now been finalized with an effective
date of July 1, 2008.
About IBI Income Fund
The Fund is a TSX listed income trust, which pays monthly distributions
and trades under the symbol "IBG.UN".
The Fund holds an indirect 68% interest in IBI Group, a partnership
which, directly and through its subsidiary entities, provides professional
services, including planning, design, implementation, analysis of operations
and other consulting services in relation to four main areas of development,
being urban land, building facilities, transportation networks and systems
technology. The remaining 32% of IBI Group is owned by IBI Group Management
For further information:
For further information: Philip H. Beinhaker, IBI Income Fund, 230
Richmond Street West, Toronto, Ontario, M5V 1V6, Telephone: (416) 596-1930