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

    TORONTO, Oct. 27 /CNW/ - IBI Income Fund (the "Fund") (TSX: IBG.UN) will
announce it's third quarter 2008 results in a press release, scheduled to be
issued on November 5, 2008.
    The Fund will hold a conference call on Thursday, November 6, 2008 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) 750-5845 for toll-free North American access, or
1 212 231-2916 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, pass code 21395504 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 holds an indirect 68% interest in IBI Group, a partnership
which, directly and through its subsidiary entities, 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. The remaining 32% of IBI Group is owned by IBI Group Management
Partnership. On a fully diluted basis, IBI Group Management Partnership has a
46.9% interest in the Fund.

    %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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