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Press release from CNW Group

Bird Construction Income Fund Announces award of construction contract with UBC Properties Trust

Wednesday, November 17, 2010

Bird Construction Income Fund Announces award of construction contract with UBC Properties Trust17:01 EST Wednesday, November 17, 2010LISTING: TORONTO STOCK EXCHANGESYMBOL: BDT.UNTORONTO, Nov. 17 /CNW/ - Bird Construction Income Fund announced that a subsidiary of the Fund has been awarded a construction management services contract with UBC Properties Trust for the construction of the new Student Union Building at UBC. The new Student Union Building is an integrated part of the University Boulevard Program. The new facility will be designed to include meeting and social club rooms, offices, retail food services and assembly areas. The construction budget for the facility is approximately $74 million. Pre-construction services have commenced and construction completion is expected in the summer of 2014.This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.For further information: T.J. Talbott, President and C.E.O. or S.R. Entwistle, C.F.O., Bird Construction Company Limited as Administrator of Bird Construction Income Fund, 5403 Eglinton Avenue West, Toronto, ON, M9C 5K6, Phone: (4l6) 620-7122, Fax: (416) 620-1516