Coxe Global Agribusiness Income Fund Announces Filing of Final Short Form Prospectus

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, March 30, 2012 /CNW/ - Coxe Global Agribusiness Income Fund (the "Fund") is pleased to announce that it has obtained a receipt for the final short form prospectus in connection with its follow-on offering (the "Offering") of 975,000 units ("Units") at a price of $9.85 per Unit for gross proceeds of $9,603,750. In addition, the Fund has granted the agents an over-allotment option to acquire an additional 146,250 Units at the offering price to cover over-allotments. Closing of the Offering is scheduled for April 11, 2012.

The Fund has been created to provide investors with long term capital growth by executing the agribusiness investment thesis of Donald G. M. Coxe, Chairman of Coxe Advisors LLP.

The investment objectives of the Fund are to provide holders of Units with long term capital growth, quarterly distributions and lower overall volatility of portfolio returns than would be experienced by owning securities of Agribusiness Issuers (defined below) directly. Distributions are currently targeted to be $0.50 per Unit per annum, representing a yield of 5.0% per annum based on the original issue price of $10.00 per Unit. The Fund invests in a diversified portfolio (the "Portfolio") of publicly-listed securities of issuers ("Agribusiness Issuers") engaged in various aspects of agriculture, including food production, such as grains and livestock, agriculture equipment and sales, fertilizers, seed and specialty chemicals and agriculture infrastructure, including water, energy and alternative energy, transportation, agriculture technology and biotechnology related to the agribusiness industry. The Portfolio is well-diversified within the agribusiness industry and consists primarily of exchange-traded equities, but may include exchange-traded funds, debt, cash or cash equivalents.

In order to seek to earn income from option premiums to supplement the dividends and distributions generated by the Portfolio and to lower the overall volatility of returns associated with the securities of Agribusiness Issuers held in the Portfolio, Connor, Clark & Lunn Capital Markets Inc. writes covered call options from time to time on up to 25% of the Portfolio.

The Units are listed on the Toronto Stock Exchange under the symbol CAG.UN.

BMO Nesbitt Burns Inc. is the promoter and acts as administrator of the Fund.

The syndicate of agents for the Offering is being led by BMO Capital Markets and includes CIBC, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation, and Manulife Securities Incorporated.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy Units in the United States, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Units offered have not been registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

This offering is only made by prospectus. The final short form prospectus contains important detailed information about the securities being offered. Copies of the final short form may be obtained on www.bmocm.com or www.sedar.com or through IIROC registered investment advisors. Investors should read the final short form prospectus before making an investment decision.

BMO Capital Markets at 1.866.864.7760.