CanBanc Income Corp. announces a share repurchase program. Under the bid, the fund will repurchase up to 1,990,678 equity shares, representing approximately 10% of its issued share capital and public float.

The fund cannot repurchase in any given 30-day period, in the aggregate, more than 398,135 shares, being 2% of its issued and outstanding shares. All repurchases will be made through the facilities of the TSX in accordance with its rules and policies. All shares repurchased pursuant to the NCIB will be cancelled.

The company received approval from Toronto Stock Exchange. The fund manager believes that such purchases are in the best interest of the corporation and desirable use of the corporations funds. The bid will commence on October 3, 2013 and will expire on October 2, 2014.

As of September 20, 2013, the fund has 19,906,781 shares in issue and same amount of shares in public float.