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Press release from CNW Group

IBI Income Fund declares its monthly cash distribution to unitholders

Monday, August 23, 2010

IBI Income Fund declares its monthly cash distribution to unitholders08:00 EDT Monday, August 23, 2010TORONTO, Aug. 23 /CNW/ - IBI Income Fund (the "Fund") (TSX: IBG.UN) today declared a cash distribution of $0.1333 per Fund Unit for the month of August 2010, payable September 30, 2010 to unitholders of record on August 31, 2010.The Fund also announced that IBI Group Management Partnership will receive a distribution of $0.1333 per Class B Unit held by it in IBI Group for the month of August 2010 payable on September 30, 2010. As more fully described below, IBI Group is the partnership through which the professional services business of the Fund is indirectly carried on.ABOUT THE IBI INCOME FUNDThe Fund is a TSX listed Income Trust, which pays monthly distributions and trades under the symbol "IBG.UN". The Fund holds an indirect 71.7% in the IBI Group, a Partnership which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology. The remaining 28.3% of the IBI Group is owned by IBI Group Management Partnership and IBI Group Investment Partnership, which together with their share in the indirect interest of the Fund holds a combined 46.3% interest.%SEDAR: 00021044EFor further information: Allan J. Kamerman, IBI Income Fund, 230 Richmond Street West, 5th Floor, Toronto, ON, M5V 1V6, Tel: 416-596-1930, Fax: 416-596-8024