REIT INDEXPLUS Income Fund filed a Notice of Intention and received approval from TSX to commence a normal course issuer bid on May 16, 2013. Under the bid, the company will repurchase up to 1,005,979 units, representing 10% of its public float and 9.99% of issued share capital. In any 30 day period, the company cannot repurchase more than 201,359 units, being 2% of the units issued and outstanding.

The fund will cancel all units purchased pursuant to the bid. Subject to receiving all necessary regulatory approvals, the Fund may, in lieu of canceling units acquired, hold the units in treasury for resale. The bid will commence on May 18, 2013 and will terminate on May 17, 2014.

As of May 7, 2013, the company has 10,067,995 units issued and outstanding.