Brand Leaders Income Fund (TSX:HBL.UN) announces a share repurchase program. Under the program, the company will repurchase up to 222,218 of its units, being 10% of the public float of the units issued and outstanding. Purchases will be made on the open market through the facilities of Toronto Stock Exchange and other Canadian alternative trading systems, in accordance with applicable regulations.

Trust Units purchased will be cancelled. Trust will not purchase in any given 30 day period, in the aggregate more than 44,445, being 2% of the issued and outstanding Trust Units. The purpose of the normal course issuer bid 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 Trust Units and to provide enhanced liquidity for bid or on such date as the Fund may otherwise determine.

The program will commence on Augus 25, 2015 and will end on the earlier of August 24, 2016 or on such date as the Fund completes its purchase under the normal course issuer bid or on such date as the Fund may otherwise determine. As of August 17, 2015, the Trust had 2,222,285 units issued and outstanding.