TORONTO, Sept. 9, 2011 /CNW/ - 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 is intended to commence on
September 13, 2011 and will terminate on September 12, 2012. In
accordance with the Declaration of Trust by which INDEXPLUS is governed, market purchases pursuant to its normal course issuer bid
may be effected by the Fund.
The Fund had 11,767,301 units issued and outstanding as at September 1,
2011. INDEXPLUS may, during the 12 month period commencing September 13, 2011 purchase
on the TSX up to 1,176,387 units, being 10% of the public float of
11,763,875 units and may not, in any 30 day period, purchase more than
235,346 units, being 2% of the units issued and outstanding. INDEXPLUS will hold in treasury for resale all units purchased pursuant to the
bid. As at September 1, 2011 INDEXPLUS had purchased 150,000 units at an average price of $12.61 per unit
under its previously approved normal course issuer bid. INDEXPLUS believes that its units may represent good value for the Fund and
purchases under the normal course issuer bid may serve to enhance
returns to unitholders.
INDEXPLUS trades on the Toronto Stock Exchange under the symbol "IDX.UN".
SOURCE INDEXPLUS Income Fund
For further information:
For further information visit our website at www.middlefield.com or contact the undersigned:
Managing Director, Sales and Marketing