Bloom Investment Counsel Provides Semi-Annual Investment Update

TORONTO, ONTARIO--(Marketwire - July 28, 2011) - Advisors and investors are invited to listen to Bloom Investment Counsel's market update for the first half of 2011 for both the Blue Ribbon Income Fund (TSX:RBN.UN)(TSX:RBN.WT) and Canadian High Income Equity Fund (TSX:CIQ.UN). Award-winning lead portfolio manager Paul Bloom shares his views and outlook on the markets and the growing High Income Equity sector.

Paul Bloom made the following comments on the conference call:

• "The greatest return in the next six months will be generated from high dividend paying oil and gas stocks";

• "The S&P/TSX Composite index will finish the year at 14,500"; and

• "There are a number of small cap equities such as the Huntington REIT and the Noranda Income Fund that have the potential to reinstate their distributions and become high income stocks in the near future."

To listen to the entire conference call, please visit www.bromptonfunds.com and click on the link on our homepage.

Bloom Investment Counsel was established in 1985, and is a specialist in income-oriented investments. Paul Bloom has over 39 years of experience in the Canadian investment industry, with the last 26 years as principal and founder of Bloom Investment Counsel. Paul has previously been selected as one of the 50 TopGun Portfolio Managers covering Canadian equities by Brendan Wood International.

As a reminder, the warrants on Blue Ribbon Income Fund expire on August 25, 2011. Each unit holder of record on April 15, 2011 received two warrants for every five units held. Each warrant is exercisable into one unit at the warrant subscription price of $11.33. A copy of the prospectus relating to such warrants can be found at www.sedar.com.

For additional information concerning the Funds, please call our investor relations line at 416-642-9051 (toll-free at 1-866-642-6001) or visit our website at www.bromptonfunds.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Funds' publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed; their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Funds, to the future outlook of the Funds and anticipated events or results and may include statements regarding the future financial performance of the Funds. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.