Australian REIT Income Fund (TSX:HRR.UN) announces a share repurchase program. Under the program, the company will repurchase up to 511,380 shares, representing 9.97% of its Class A Units. The shares will be repurchased on on the Toronto Stock Exchange ("TSX") and other Canadian marketplaces, including alternative trading systems.The purpose of the normal course issuer bid for HRR.UN is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per unit and the market price of the Class A Units and to provide enhanced liquidity for the Class A Units.

The share repurcjhase program will commence on May 7, 2015 and valid for 12 months until May 6, 2016.As of May 4, 2015, the company has 5,115,808 Class A Units issued and outstanding