Australian REIT Income Fund (TSX:HRR.UN) announces a share repurchase program. Under the program, the company will repurchase up to 276,543 shares, representing 10% of its Class A Units. The shares will be repurchased on the Toronto Stock Exchange ("TSX") and other Canadian marketplaces, including alternative trading systems. The repurchased shares will be cancelled. The purpose of the normal course issuer bid for HRR.UN is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per unit and the market price of the Class A Units and to provide enhanced liquidity for the Class A Units. The share repurchase program will commence on May 11, 2016 and valid for 12 months until May 10, 2017. As of May 9, 2016, the company has 2,765,437 Class A Units issued and outstanding.