Global Dividend Growers Income Fund filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on April 19 2013. Pursuant to the bid, the fund will repurchase up to 646,300 units, representing 10% of its public float and 9.94% of its issued and outstanding units. The units will be repurchased on the market through the facilities of the TSX.

The fund will cancel all the units repurchased pursuant to the bid. Subject to the receiving of all necessary regulatory approvals, the fund may, in lieu of cancelling units acquired, hold the units in treasury for resale. The fund believes that its units represent good value for the fund and the bid may serve to enhance returns to the unitholders.

The fund may or may not, in any 30-day period, repurchase more than 130,000 units, being 2% of its issued and outstanding units. In accordance with the declaration of the trust by which the fund is governed, the market repurchases pursuant to the bid will be effected by the fund. The bid will commence from April 23, 2013 and will terminate on April 22, 2014.

As of April 16, 2013, the fund had 6,500,000 units issued and outstanding.