TORONTO, June 5 /CNW/ - COMPASS 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 June 7, 2007 and will terminate on June 6, 2008. In accordance
with the Declaration of Trust by which COMPASS is governed, market purchases
pursuant to its normal course issuer bid may be effected by the Fund.
At May 30, 2007 there were 18,609,858 units issued and outstanding.
COMPASS may, during the 12 month period commencing June 7, 2007 purchase on
the TSX up to 930,492 units, being 5% of the units outstanding. Since June 7,
2006 COMPASS has purchased 401,800 units at an average price of $13.52 per
unit under its previously approved normal course issuer bid. COMPASS 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.
COMPASS trades on the Toronto Stock Exchange under the symbol "CMZ.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