IBI Income Fund Announces the Closing of the Merger/Acquisition of the Practice of Planning & Engineering Initiatives Limited, (PEIL), of Kitchener, Ontario.



    TORONTO, Oct. 31 /CNW/ - IBI Income Fund (the "Fund") (TSX:IBG.UN)
announced today that the merger/acquisition of the practice of Planning &
Engineering Initiatives Limited of Kitchener, Ontario within IBI Group has
been finalized. This merger has an effective date of September 1, 2007.

    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 63% 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 37% of IBI Group is owned by IBI Group Management
Partnership.

    %SEDAR: 00021044E




For further information:

For further information: Philip H. Beinhaker, IBI Income Fund, 230
Richmond Street West, Toronto, Ontario, M5V 1V6, Telephone: (416) 596-1930

Organization Profile

IBI Group Inc.

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