IBI INCOME FUND DECLARES ITS MONTHLY CASH DISTRIBUTION TO UNITHOLDERS

TORONTO, Dec. 20 /CNW/ - IBI Income Fund (the "Fund") (TSX: IBG.UN) today declared a cash distribution of $0.1333 per Fund Unit for the month of December 2010, payable January 31, 2011 to unitholders of record on December 31, 2010.

The Fund also announced that IBI Group Management Partnership will receive a distribution of $0.1333 per Class B Unit held by it in IBI Group for the month of December 2010 payable on January 31, 2011.  As more fully described below, IBI Group is the partnership through which the professional services business of the Fund is indirectly carried on.

About the 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 72% in the 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 28% of the IBI Group is owned by IBI Group Management Partnership and IBI Group Investment Partnership, which together with their share in the indirect interest of the Fund holds a combined 45.9% interest.

For further information:

Allan J. Kamerman
IBI Income Fund
230 Richmond Street West, 5^th Floor
Toronto, ON M5V 1V6
Tel: [phone], Fax: [phone]