Montrusco Bolton Income & Growth Fund
TSX : MBL.UN

Montrusco Bolton Income & Growth Fund

January 30, 2006 08:00 ET

Montrusco Bolton Income & Growth Fund Announces Notice of Intention to Purchase Units

TORONTO, ONTARIO--(CCNMatthews - Jan. 30, 2006) - Montrusco Bolton Income & Growth Fund (TSX:MBL.UN) announces that to enable it to execute its mandatory market purchase program if and when required, and to permit the Fund to otherwise acquire Units, the Fund has filed with the Toronto Stock Exchange a notice of intention to make normal course purchases of its Units. The TSX has accepted the notice.

Under this normal course issuer bid the Fund may purchase up to 462,747 of the Units of the Fund, representing 10% of the public float of the Fund, which is the same number as the Fund's outstanding Units, being 4,627,472 as at January 11, 2006. Purchases of Units will commence on February 1, 2006 and will terminate on January 31, 2007, or on such earlier date as the Fund may complete its purchases pursuant to the Notice. Purchases will be made in the open market through the facilities of the TSX in accordance with its rules and policies. The price that the Fund will pay for any such Units will be the market price of such Units at the time of acquisition. Units purchased will be cancelled.

Within the past twelve months, the Fund purchased 53,700 Units through the facilities of the TSX at an average price of $9.19 per Unit.

To the knowledge of the Trustee, no director, officer or other insider of the Trustee or the Fund intends at present to sell any Units under this bid.

The Trustee believes that it may be in the best interests of the Fund and the holders of the Units from time to time to purchase Units in the market pursuant to such normal course issuer purchases.


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