INDEXPLUS announces normal course issuer bid

    TORONTO, Sept. 9 /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, 2008 and will terminate on
September 10, 2009. 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 19,402,845 units issued and outstanding as at September 2,
2008. INDEXPLUS may, during the 12 month period commencing September 11, 2008
purchase on the TSX up to 1,939,050 units, being 10% of the public float of
19,390,502 units and may not, in any 30 day period, purchase more than 388,056
units, being 2% of the units issued and outstanding. INDEXPLUS will hold in
treasury for resale all units purchased pursuant to the bid. As at September
2, 2008 INDEXPLUS had purchased 126,600 units at an average price of $12.42
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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