IBI Income Fund Announces the Closing of the Merger/Acquisition of the Practice of Piranha Tendances of Montréal, Québec.



    MONTREAL, Feb. 1 /CNW/ - IBI Income Fund, (the "Fund") (TSX:IBG.UN)
announced today that the merger of Piranha Tendances with DAA within the IBI
Group of Firms has been finalized.

    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
46.6% interest in the Fund.

    %SEDAR: 00021044E

For further information:

For further information: Philip H. Beinhaker, IBI Income Fund, 230
Richmond Street West, Toronto, Ontario, M5V 1V6, Telephone: (416) 596-1930

Organization Profile

IBI Group Inc.

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890