TORONTO, Oct. 5 /CNW/ - YIELDPLUS 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 is intended to commence on October 10, 2007 and will terminate on
October 9, 2008. In accordance with the Declaration of Trust by which
YIELDPLUS is governed, market purchases pursuant to its normal course issuer
bid may be effected by the Fund.
The Fund had 36,783,959 units issued and outstanding as at September 28,
2007. YIELDPLUS may, during the 12 month period commencing October 10, 2007
purchase on the TSX up to 3,675,718 units, being 10% of the public float of
36,757,184 units and may not, in any 30 day period, purchase more than 735,679
units, being 2% of the units issued and outstanding. As at September 28, 2007
YIELDPLUS had purchased 322,900 units at an average price of $11.65 per unit
under its previously approved normal course issuer bid. YIELDPLUS 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.
YIELDPLUS trades on the Toronto Stock Exchange under the symbol "YP.UN".
For further information:
For further information: visit our website at www.middlefield.com or
contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349