IBI Income Fund - Notice of First Quarter Earnings Release and Conference Call

    TORONTO, May 1 /CNW/ - IBI Income Fund (the "Fund") (TSX: IBG.UN) will
announce it's First quarter 2009 results in a press release, scheduled to be
issued on May 7, 2009.
    The Fund will hold a conference call on Friday, May 8, 2009 at 8:30 a.m.
Eastern Standard Time (EST).
    Philip Beinhaker, Chief Executive Officer, and Allan Kamerman, Chief
Financial Officer will present the Fund's operating and financial results
followed by a Question & Answer session.
    To participate in the conference call, please dial in before 8:30 a.m.
EST to 800 909-4252 for local and toll-free North American access, or 1 212
231 2901 for international access
    An audio replay of the call will be available for 14 days, by dialling
416-626-4100 for local and international access, or 1 800 558-5253 for
toll-free North American access, passcode 21422940 followed by the number sign
on your telephone keypad.

    About IBI Income Fund

    The Fund is a TSX listed income trust, which pays monthly distributions
and trades under the symbol "IBG.UN".

    The Fund through IBI Group provides professional services, including
planning, design, implementation, analysis of operations and other consulting
services in relation to four main areas of development, being urban land,
building facilities, transportation networks and systems technology.

    %SEDAR: 00021044E

For further information:

For further information: Allan J. Kamerman, IBI Income Fund, 230
Richmond Street West, 5th Floor, Toronto, ON, M5V 1V6, Tel: (416) 596-1930

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IBI Group Inc.

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