North American REIT Income Fund Announces Exercise of Over-Allotment Option

TORONTO, Dec. 7, 2012 /CNW/ - North American REIT Income Fund (the "Fund") announces that the Fund's syndicate of agents for its initial public offering has exercised its over-allotment option and acquired an additional 80,000 transferable trust units (the "Units") of the Fund. In total, the Fund issued 4,280,000 Units pursuant to its initial public offering, for gross proceeds of approximately $42.8 million. The Units are listed on the Toronto Stock Exchange under the symbol NRF.UN.

The syndicate of agents for this offering was led by RBC Capital Markets and CIBC, and included GMP Securities L.P., BMO Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Desjardins Securities Inc., Dundee Securities Ltd., and Manulife Securities Incorporated.

SOURCE: North American REIT Income Fund

For further information:

please call Raj Lala, President, Propel Capital at 416-572-2364 or visit  www.propelcapital.ca

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North American REIT Income Fund

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Propel Capital Corporation

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