INDEXPLUS Announces Normal Course Issuer Bid

    TORONTO, Sept. 7 /CNW/ - INDEXPLUS Income Fund announced today its
intention to make a normal course issuer bid for its units through the
facilities of the Toronto Stock Exchange (the "TSX"). This normal course
issuer bid is intended to commence on September 11, 2007 and will terminate on
September 10, 2008. In accordance with the Declaration of Trust by which
INDEXPLUS is governed, market purchases pursuant to its normal course issuer
bid may be effected by the Fund.
    The Fund had 22,085,168 units issued and outstanding as at August 30,
2007. INDEXPLUS may, during the 12 month period commencing September 11, 2007
purchase on the TSX up to 2,207,739 units, being 10% of the public float of
22,077,395 units and may not, in any 30 day period, purchase more than 441,703
units, being 2% of the units issued and outstanding. As at August 30, 2007
INDEXPLUS had purchased 625,500 units at an average price of $13.03 per unit
under its previously approved normal course issuer bid. INDEXPLUS believes
that its units represent good value for the Fund and purchases under the
normal course issuer bid may serve to enhance returns to unitholders.
    INDEXPLUS trades on the Toronto Stock Exchange under the symbol "IDX.UN".

For further information:

For further information: visit our website at or
contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349

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