Drive Products Income Fund
TSX : DPI.UN

Drive Products Income Fund

September 12, 2008 10:56 ET

Drive Products Income Fund Completes Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2008) - Drive Products Income Fund (TSX:DPI.UN) announced today that it has completed its normal course issuer bid to repurchase up to 10% of its public float of 7,320,350 units. As of today, it has repurchased and cancelled 731,995 units. Accordingly, there are now 6,889,405 units of the Fund issued and outstanding as well as 6,360,418 Class B LP units of Drive Products Limited Partnership which are exchangeable into units of the Fund on a one-for-one basis.

The normal course issuer bid commenced on May 30, 2008. The Fund commenced the bid because it believes that on occasion its units become available at prices which make their purchase an attractive investment and an appropriate and desirable use of available funds. All purchases were made at market prices through the facilities of The Toronto Stock Exchange. The average price paid for the units of the Fund was $2.80.

This press release contains forward-looking statements relating to expected future events and actions of the Fund. These statements involve known and unknown risks and uncertainties. Actual results may differ materially from those anticipated by such forward-looking statements for a variety of reasons, including without limitation, general economic conditions, industry conditions, interest rates, stock market volatility and the risks and uncertainties detailed from time to time in the Fund's continuous disclosure documents filed with the Canadian securities regulatory authorities. The Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

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