Income Financial Trust
TSX : INC.un

Income Financial Trust

June 12, 2006 14:12 ET

Income Financial Trust Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - June 12, 2006) - Income Financial Trust ("Income Financial")(TSX:INC.UN), announced today acceptance by the Toronto Stock Exchange of notice of Income Financial's intention to purchase from time to time, if it is considered advisable, up to 340,947 of its outstanding units through the facilities of the Toronto Stock Exchange, representing 5% of the 6,818,937 units of Income Financial issued and outstanding as at the date hereof. The Board of Directors of Quadravest Inc., the Manager of Income Financial, believes that such purchases may from time to time be in the best interests of Income Financial and a desirable use of investment trust funds. Purchases of units may be made pursuant to this notice in the 12-month period commencing June 14, 2006 and ending June 13, 2007. All units of Income Financial purchased pursuant to this notice will be cancelled by Income Financial.

Quadravest Inc., the Manager, on behalf of Income Financial, purchased 9,000 units at an average price of $19.14 per unit pursuant to a normal course issuer bid effective June 3, 2005 to June 2, 2006.

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