CanBanc Income Corp. announces a share repurchase program. Under the bid, the fund will repurchase up to 1,596,275 equity shares, representing approximately 10% of its issued share capital and public float.

All repurchases will be made through the facilities of the TSX in accordance with its rules and policies. All shares repurchased pursuant to the NCIB will be cancelled. The fund cannot repurchase in any given 30-day period, in the aggregate, more than 319,255 shares, being 2% of its issued and outstanding shares.

The fund manager believes that such purchases are in the best interest of the corporation and desirable use of the corporation funds. The bid will commence on October 3, 2014 and expire on October 2, 2015. As of September 23, 2014, the fund has 15,962,759 shares in issue and same amount of shares in public float.