Bloom Income & Growth Canadian Fund Files Final Prospectus

TORONTO, ONTARIO--(Marketwire - Oct. 3, 2011) - Bloom Income & Growth Canadian Fund (the "Fund") (TSX:BI.UN) announces that it has filed a final prospectus for its initial public offering of units (the "Units") of the Fund for a total maximum offering size of up to $100 million. The offering is scheduled to close on October 19, 2011 (the "Closing Date"). The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Units under the symbol of BI.UN, subject to the fulfillment of TSX requirements.

The Fund has been created to enable investors to obtain exposure to an actively managed, diversified portfolio comprised primarily of publicly listed or traded Canadian securities, including dividend paying common equity securities, income trusts, real estate investment trusts and limited partnerships, and, to a lesser extent, preferred shares, debt securities, non-dividend paying equities and foreign securities. The Fund's portfolio will be actively managed by Bloom Investment Counsel, Inc. (the "Manager" or "Bloom").

The Fund's investment objectives are to provide holders of Units with:

(i) monthly cash distributions that have a large component of Canadian eligible dividends; and

(ii) the opportunity for capital appreciation.

The distributions are initially targeted to be 7.0% per annum. The Fund will not have a fixed monthly distribution amount. Annually, commencing in January 2013, the Fund will determine and communicate the expected distribution rate for the following 12 months.

The syndicate of agents for this offering is being led by CIBC, co-led by RBC Capital Markets, BMO Capital Markets and TD Securities Inc., and includes National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., GMP Securities L.P., HSBC Securities (Canada) Inc., Dundee Securities Ltd., Macquarie Private Wealth Inc., Raymond James Ltd. and Desjardins Securities Inc.

This offering is only made by prospectus. The prospectus dated September 29, 2011 contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from the Bloom or is available electronically at www.sedar.com. Investors should read the prospectus before making an investment decision.