YIELDPLUS Income Fund announces results of unitholder meeting

    TORONTO, Aug. 12 /CNW/ - A special meeting of unitholders of YIELDPLUS
Income Fund (TSX: YP.UN) was held today to vote on certain amendments to the
Fund's declaration of trust. At the meeting, unitholders voted to approve a
special resolution authorizing the board of directors of the manager of the
Fund to broaden the Fund's investment mandate to invest in high income
producing securities other than income trusts in order to facilitate the
achievement of the Fund's investment objectives. Unitholders also approved
certain updating amendments to the declaration of trust at the meeting.
Details regarding the amendments to the declaration of trust are set out in
the Joint Information Circular dated July 13th, 2009 which was delivered to
unitholders in July 2009.

    Certain statements in this press release may be viewed as forward-looking
statements. Any statements that express or involve discussions with respect to
expectations, beliefs, plans, intentions, projections, objectives, assumptions
or future events are not statements of historical fact and may be
forward-looking statements. Forward-looking statements are subject to a
variety of risks and uncertainties which could cause actual events or results
to differ from those reflected in the forward-looking statements including as
a result of changes in the general economic and political environment, changes
in applicable legislation, and the performance of the Fund. Such
forward-looking statements are only predictions; actual events or results may
differ materially and the Fund does not undertake any obligation to update
such statements.

For further information:

For further information: regarding the Fund, please visit our website at
www.middlefield.com or contact your financial advisor or the undersigned:
Nancy Tham, Senior Vice President, (416) 847-5349

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