MATRIX announces normal course issuer bid

    TORONTO, March 1 /CNW/ - MATRIX 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 March 5, 2007 and will terminate on March 4, 2008. In
accordance with the Declaration of Trust by which MATRIX is governed, market
purchases pursuant to its normal course issuer bid may be effected by the
    At February 26, 2007 there were 19,837,050 units issued and outstanding
including 19,825,221 units in the public float. MATRIX may, during the 12
month period commencing March 5, 2007, purchase on the TSX up to 1,982,522
units, being 10% of the public float of the units. Since March 3, 2006 MATRIX
has purchased 937,200 units at an average price of $9.08 per unit under its
previously approved normal course issuer bid. MATRIX believes that its units
represent good value for the Fund. Purchases under the normal course issuer
bid may serve to enhance returns to unitholders.

    MATRIX trades on the Toronto Stock Exchange under the symbol "MTZ.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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